|All Land is not Creating Equal: Unleashing Family and Community Wealth through Landownership Free National Virtual Event: November 18, 2020 1:00 -7:00 PM ET Event Description: When it comes to the roots of wealth inequality in the United States, what is the “worst problem you never heard of”? For many, that answer is a confounding phenomenon called “heirs’ property” or “fractionated land.” |
Heirs’ property is land that has been passed down through generations without a will – creating shared ownership among many descendants. Over time, unless title to the land is cleared and land rights secured, the opportunity for those owners to use their land for economic benefit is limited. As a result, underserved vulnerable landowners throughout the country – especially, women, indigenous people, Black Americans and the poor – have involuntarily lost their family property through contested claims, unaffordable high transaction costs, forced sales to speculators, and outright fraud. Black families alone, researchers estimate, have lost hundreds of billions of dollars in such land value over the last century. And the U.S. Department of Agriculture considers Heirs’ Property the “leading cause of Black involuntary land loss.”
In celebration of the Center’s 15th anniversary – and the 35th anniversary of the Aspen Institute Community Strategies Group, which helped spark the Center’s start-up – we invite you to learn about the role of land in wealth inequality, about heirs’ property and fractionated land, and about strategies and policies that can address this issue to build rural regions and urban communities that are more inclusive and resilient. Join us for any or all these insightful-and-action-provoking sessions!