8 reasons why Arkansas should adopt the Heirs Property Act

These are just some of the reasons why the Arkansas Legislature should introduce and pass the Heirs Property Act:

  • The Heirs Property Act protects a family’s property and property wealth.
  • The Heirs Property Act does not replace existing law for non heir property.
  • The Heirs Property Act does not prohibit requests for a partition by sale.
  • The Heirs Property Act requires that property be priced at fair market value if a partition by sale occurs.
  • The Heirs Property Act provides heirs who did not petition for sale a right to buy out those that do so that the family can maintain ownership of the property.
  • The Heirs Property Act requires notice be given to heirs before partition by sale.
  • The Heirs Property Act protects Heirs Property owners, especially those with low or moderate income.
  • The Heirs Property Act protects the heritage of Arkansas families.

This information is adapted from the Uniform Law Commission:

Join us as we promote 2015 passage of the Heir Property Act in Arkansas

If you have inherited family land, you should learn about the Uniform Partition of Heirs Property Act.  This law is designed to do two things:

  • help families maintain ownership of their joint-owned land, but if sale is required
  • ensure a court-ordered sale results in market rate return so that families do not lose wealth upon sale.

This legislation has already been passed in Georgia, Nevada, and Montana. We are working to ensure Arkansas joins that list in 2015 when the legislature next considers nonbudgetary issues.

Join us to protect the heritage of Arkansas families!    We are reaching out to families and legislators in all 75  Arkansas counties.  Please contact us at ARHeirPropertyAct@gmail.com for more information or to add your name or your organization’s name to the supporter list. Please spread the word!