Document Type

Article

Publication Year

2020

Journal Title

Partners Update

Abstract

Landownership and homeownership are significant contributors to the creation of wealth and thus, drivers of intergenerational economic mobility. However, many people who have inherited family land are unable to realize these opportunities because of the legal effect of their particular form of landownership, often called heirs' property. These landowners are more likely to lose their land through what is known as a partition sale—a property sale resulting from a dispute between co-owners, often ignited by an outside party with an investment interest in the land. This Partners Update article explores the repercussions of heirs' property ownership and examines legislative solutions recently enacted in three southeastern states: Florida, Mississippi, and Virginia.

First Page

1

Last Page

3

Num Pages

3

Publisher

Federal Reserve Bank of Atlanta

Notes

Available at: https://www.frbatlanta.org/community-development/publications/partners-update/2020/covid-19-publications/201007-expansion-of-new-law-in-southeast-may-stave-off-black-land-loss

FIle Type

PDF

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.