Exempts transfers of heirs' property among related descendants from assessable transfer rules.

The bill amends the South Carolina Code to exclude transfers of heirs' property made among related descendants who have a legal claim to the property. This means that if both the grantor and grantee owned an interest in the property before the transfer, it will not be considered an assessable transfer. This change aims to provide clarity and potentially reduce complications for families managing such property transfers.

Exempts transfers of heirs' property among related descendants from assessable transfer rules.

The bill amends the South Carolina Code to exclude transfers of heirs' property made among related descendants who have a legal claim to the property. This means that if both the grantor and grantee owned an interest in the property before the transfer, it will not be considered an assessable transfer. This change aims to provide clarity and potentially reduce complications for families managing such property transfers.