Kentucky SB23 establishes the Uniform Partition of Heirs Property Act, governing the division of heirs property.
Kentucky SB23 creates the Uniform Partition of Heirs Property Act, which governs the division of heirs property. The act defines "heirs property" as real property held in tenancy in common without a governing agreement, where one or more cotenants acquired title from a relative, and certain conditions apply. The act outlines procedures for partition actions, including determining fair market value, appointing commissioners, and conducting surveys. It also establishes an heirs property research fund for grants to assist in research related to heirs property.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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