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CT SB00900
Bill
Status
7/7/2015
Primary Sponsor
Judiciary Committee
Click for details
AI Summary
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Adopts the Uniform Partition of Heirs' Property Act effective October 1, 2015, establishing procedures for partitioning real property held in tenancy in common by relatives or heirs without a binding partition agreement.
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Defines "heirs' property" as real property where at least 20% of interests are held by relatives or acquired from relatives, requiring special partition procedures under the new act.
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Establishes a mandatory valuation process where courts order appraisals by licensed appraisers and allow cotenants to buy out others requesting partition by sale before determining whether to partition in kind or by sale.
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Prioritizes partition in kind (dividing property into separate parcels) unless the court finds it would cause manifest prejudice, in which case the property is sold at open-market sale with a licensed broker.
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Converts fee tail estates to absolute fee simple estates in the named grantee, eliminating the historical restriction on inheritance through a particular line of descent.
Legislative Description
An Act Concerning The Adoption Of The Uniform Partition Of Heirs' Property Act And Estates Given In Fee Tail.
Last Action
Signed by the Governor
7/7/2015