Texas Passes Heirs Property Legislation
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In December, Texas became the tenth state to pass the Uniform Partition of Heirs Property Act, reports KBTX-TV. The law provides inherited property protections to vulnerable, low- and middle-income families with tenancy-in-common ownership. Under this type of ownership, sales can be forced by a minority owner and, at a partition sale, properties often sell for far less than market value. Texas A&M University School of Law professor Thomas W. Mitchell found that these sales disproportionately affect African-American, Hispanic and Latino, and Native American families, which led him to craft legislation that would help resolve the problem.