Heir Property

The Heir Property  Act balances the rights of family members who want to retain their land with the  rights of family members who want to sell. This  became Arkansas law in February, 2015 and takes effect January 1,  2016. It is designed to accomplish two things:

  • help families  maintain ownership of their joint-owned land, but if sale is required
  • ensure a  court-ordered sale results in market rate return so that families do not lose  wealth upon sale.

If this law is something  that might assist you in retaining forest land in Arkansas, see Heir Property  Act website link and resource links below: