AN ACT relating to heirs property.

Create new sections of KRS Chapter 381 to enact the Uniform Partition of Heirs Property Act; define terms, including "heirs property"; create a mechanism for partition or sale among cotenants by the court; create requirements for notice and determination of value through agreement or appraisal; create protocol for buyouts, partition alternatives, partition in kind, sale by open market, sealed bids, or auction; create the heirs property research fund; amend KRS 324B.050 to authorize the Kentucky…

Introduced: January 9, 2025

Last action: February 4, 2025

To Judiciary (S)

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This bill would create new rules in Kentucky for how courts handle the division or sale of "heirs property," which is land or real estate passed down through families, often without a formal will or clear title. It sets up a process to protect co-owners, such as family members who inherited land together, by requiring fair notice, independent appraisals, and giving co-owners the chance to buy out other shares before a forced sale can happen.…

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