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Have you ever wondered what happens when a family inherits property without a clear plan? Often, it leads to complications, especially when multiple family members become co-owners. To address these challenges, Governor Whitmer recently signed the Uniform Partition of Heirs Property Act (UPHPA) into law, providing new protections for Michigan families.
When someone passes away without a will, their land is divided equally among heirs as “tenants in common.” Over time, the number of co-owners can multiply, creating "heirs property." Any co-owner can request a court to sell the property, even if others want to keep it, often resulting in forced sales below market value.
The UPHPA protects families from losing their land through forced sales. Signed this month by Governor Whitmer, it:
Family land often holds deep value, not just financially, but emotionally. According to the governor’s recent press release, the UPHPA “allows families to maintain financial stability for generations to come, pass down property-related wealth assets, and preserve their homes for future generations.”
If your family owns shared property, now is the time to discuss your goals and concerns for its future. A knowledgeable estate planning attorney can help you formalize your wishes and navigate these new protections.
Whether you’re managing the impact of the UPHPA or planning for the future, we’re here to help you protect your family’s legacy. Contact our office at 248.477.6300.
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