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Discussion Paper
Land at Risk: Heirs' Property in the Carolinas
In 2021, the Richmond Fed highlighted the issue of heirs' property (and its prevalence in Maryland and Virginia) in a Regional Matters post. Heirs' property occurs when land is transferred from one generation to the next without a clear will or definition of land ownership. Since multiple heirs can lay claim to a parcel of land, heirs' property can impede or complicate the sale of the land or the ability of owners to prove ownership, among other challenges.Using the same methodology for North Carolina and South Carolina, this Regional Matters illustrates the prevalence of heirs' property ...