id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cjrl-8237	Cole, Avanthi	For the "Wealthy and Legally Savvy": the Weaknesses of the Uniform Partition of Heirs Property Act as Applied to Low-Income Black Heirs Property Owners	2021	30	.pdf	application/pdf	11590	492	59	Many scholars have explored the problem of heirs property, and some have addressed and critiqued the effectiveness of the UPHPA.15 Some have even gone as far to suggest that the adoption of the UPHPA would not be beneficial to heirs property owners given existing state property and partition laws.16 The Consequences of Owning Heirs Property Scholars have used the concept of “dead capital” to describe heirs property because this type of land cannot be leveraged for financial gain.33 Hernando de Soto coined the term “dead capital” to describe property situations in developing countries where lack of “necessary formal structure” prevented certain landowners from leveraging their land to secure loans.34 B. James Deaton, a scholar whose work focuses on heirs property, equated the situation described by de Soto to the difficulties faced by heirs property owners in the United States; cotenants face similar restraints because they cannot leverage their partial interest in the parcel to secure a loan.35 Many heirs property owners are considered “land rich but cash poor” because the majority of their wealth is tied to their fractional interest in the 26 Id. at 2. 27 Lewan & Barclay, supra note 24.	cache/cjrl-8237.pdf	txt/cjrl-8237.txt