An Act relative to uniform partition of heirs property
This bill establishes a clear process for dividing "heirs property" - family-owned real estate held in shared ownership without a binding agreement, where at least 20% of owners are relatives or acquired the property from a relative. It requires courts to order fair market appraisals for such properties before division, ensures all owners receive notice of the valuation, and gives other owners the first right to buy out those seeking to sell. If no owner buys the shares, the property is sold, but owners must pay based on their proportional ownership. The law directly affects families and co-owners of inherited land facing disputes over division or sale.
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