Massachusetts H1964 amends partition laws to address heirs property, ensuring fair market value determination and equitable distribution.
Massachusetts H1964 modifies partition laws to provide a uniform approach for heirs property, which is real property held in tenancy in common with specific criteria. The bill mandates courts to determine if property is heirs property and, if so, to order an appraisal to establish fair market value. Courts must consider factors like the collective duration of ownership and the degree of relationship among cotenants. If partition in kind is deemed prejudicial, the court must order a sale.
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