What does voluntary alienation of real estate include?

Voluntary alienation of real estate refers to the transfer of property ownership through the owner's decision. This includes any instance where the owner willingly conveys their interest in the property, which encompasses both sales transactions and gifts.

In terms of sales, this is the typical method of voluntary alienation, where the property is sold to a buyer in exchange for compensation. However, the concept also covers situations where property is given as a gift without any exchange of money or consideration. The willingness of the owner to transfer their property rights, regardless of whether it is a financial transaction or a gift, defines voluntary alienation.

The other options limit the scope of voluntary alienation incorrectly. For instance, suggesting it includes only sales transactions does not recognize gifts as a legitimate form of property transfer. Similarly, stating it includes only gifting excludes sales, which are a common method of transferring real estate. The idea that it exclusively involves transactions pursued through legal channels does not capture the voluntary nature of both sales and gifts, as it does not reflect the reasons behind the owner's decision to transfer ownership.