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“The Small Estates Petition”. The Small Estates Petition must provide the Court with: (1) a list of all the decedent’s personal property and the value of each item; (2) a list of all known debts of the decedent and the value of each claim; (3) the type and amount of any taxes due as a result of the decedent’s death,...What is a partition suit in real estate?
A partition suit in real estate often requires a partition by sale of real estate. This is because the nature of many homes and properties do not adequately allow for division of property between two parties.What is a partition of real property?
A partition is a term used in the law of real property to describe an act, by a court order or otherwise, to divide up a concurrent estate into separate portions representing the proportionate interests of the owners of property. It is sometimes described as a forced sale.What is a partition in real estate?
A partition of real property occurs when there are multiple owners of a piece of land or building, and the owners no longer wish to co-own the property. When this happens, they must seek a partition of real estate. When most people think of “property,” they imagine a piece of land with a home on it.