Related Definitions
What is a Partition in Kind?
A court-ordered division of property where each beneficiary receives a separate and distinct parcel of the inherited property.
A legal method of dividing co-owned property into distinct portions, allowing each co-owner to receive a specific share of the property. Partition in kind is often preferred when the property can be divided without diminishing its value, such as in the case of land or real estate. This approach avoids the need for a sale and ensures that each owner retains direct ownership of their designated portion, fostering cooperation among co-owners and minimizing conflicts.
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