Protecting Family-Owned Property: What You Need to Know About New Jersey’s Uniform Partition of Heirs Property Act

Short summary

New Jersey's Uniform Partition of Heirs Property Act (effective 2025) prevents forced sales of inherited family property by mandating fair-market appraisals, granting remaining co-owners buyout rights at appraised value, and preferring physical division over liquidation. This restricts a single heir's ability to force asset sales.

• •Mandatory fair-market appraisals prevent below-market forced sales
• •Co-owners gain right to buy out dissenters at appraised value before sale
• •Courts must prefer physical property division over court-ordered liquidation

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