Rhode Island S2394 adopts the Uniform Partition of Heirs' Property Act to manage the division of property inherited by multiple relatives.

Rhode Island S2394, the Uniform Partition of Heirs' Property Act, establishes procedures for dividing property inherited by multiple relatives, known as heirs' property. The act applies to properties where co-tenants have inherited the title without a written agreement on division. It mandates the court to notify all co-tenants if one seeks to partition the property. The act outlines rules for buyouts and sales, including determining fair market value through appraisals and appointing real estate brokers for sales.

Rhode Island S2394 adopts the Uniform Partition of Heirs' Property Act to manage the division of property inherited by multiple relatives.

Rhode Island S2394, the Uniform Partition of Heirs' Property Act, establishes procedures for dividing property inherited by multiple relatives, known as heirs' property. The act applies to properties where co-tenants have inherited the title without a written agreement on division. It mandates the court to notify all co-tenants if one seeks to partition the property. The act outlines rules for buyouts and sales, including determining fair market value through appraisals and appointing real estate brokers for sales.