Heirs Property and Generational Land Loss | The American College of Trust and Estate Counsel

Heirs property is an issue that has affected families of color, reducing generational wealth through land loss. This video offers an explanation of what heirs property is, a discussion of how it has impacted families of color, and possible strategies to address the problem. #MacFellow #heirsproperty #diversity #diversityandinclusion #diversityequityinclusion #ACTEC #ACTECFellow #RacialWealthGap #diversityequityinclusion #PlanningforaDiverseandEquitableFuture #BlackIntergenerationalWealth #BendingTheArcOfHistoryTowardsJustice

Planning for a Diverse and Equitable Future is a monthly series created by The American College of Trust and Estate Counsel’s Diversity, Equity and Inclusivity Committee. ACTEC considers the historical, continuing, and devastating impact of institutionalized racism, discrimination and bias of all types in our society to be a humanitarian, rather than a political issue. This series strives to educate and discuss these issues and to offer practical recommendations to combat inequality and increase cultural competence in our profession.

In this video:
00:00 - Introduction
01:40 - What is heirs property?
03:06 - Problems associated with heirs property
05:38 - Strategies to address heirs property issues
07:51 - Uniform Partition of Heirs Property Act (UPHPA)
12:32 - Heirs property strategies for lawyers
16:36 - Thomas Mitchell’s book regarding heirs property
19:34 - Need to increase diversity in law firms
20:33 - Conclusion