What does Shakespeare’s celebrated play, “King Lear,” have to do with estate and trust litigation? In some cases, everything.
The Heirs Property Problem
Did you know that somewhere between 11% and 25% of the real property in Georgia, with an estimated value of over $34 billion, is locked up in fractional interests that can prevent it from being used, sold or developed? Known as heirs property, the problem stems from the many ways in which title to land and houses gets divided, usually unintentionally, among two or more people when the first owner dies.