Estate Planning & Probate

Estate Planning & Probate Forum 2024: Splitting Heirs’ (Property): An Overview of the New Partition Act

Description:

In 2022, Tennessee adopted the Uniform Partition of Heirs Property Act. This act addresses the inequity that resulted under prior law where a third party could buy out one heir, force a partition sale and then buy valuable property for a song. The new law establishes a process to provide heirs (1) a realistic opportunity to keep the property in the family and/or (2) a better chance to be bought out at market value.

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Excellent explanation of the new provisions!

Excellent

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