(1) If the decedent is survived by a person with the right to inherit real or personal property from the decedent in a designated beneficiary agreement executed pursuant to article 22 of this title, the intestate share of the decedent's designated beneficiary is:
(a) The entire estate if no descendent of the decedent survives the decedent; or
(b) One half of the intestate estate if one or more descendants of the decedent survive the decedent.
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