(a) The term “real property” as used in this chapter, includes every estate, interest and right, legal and equitable, in lands, tenements and hereditaments, except such as are determined or extinguished by the death of an intestate, seized or possessed thereof, or in any manner entitled thereto, leases for years, estates for the life of another person, and real property held in trust, not devised by the beneficiary.
(b) When in this chapter a person is described as “living,” it means living at the time of the death of the intestate from whom the descent or distribution came; when he is described as having “died,” it means that he died before such intestate.
(c) This chapter does not affect a limitation of an estate by deed or will.