Intestate Succession and Heir Property: Implications for Future Research on the Persistence of Poverty in Central Appalachia
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About This Academic Article
Focuses on intestate succession results in part from the fact that poor people are more likely than others to die without a valid will (AARP 2000). Hence, any economic consequences associated with the laws of intestate succession will be of greater significance to low income people and the regions where they live. The prevalence of poverty is not evenly distributed across rural America. Pockets of
poverty persist. The Appalachian Region, Indian Reservations and the Ozarks are notable rural examples. Since intestate succession may be endemic to these areas, it is important to further examine its influence on property ownership and any subsequent economic consequences. In this paper, the link between the laws of intestate succession and heir property is developed and the theory of the anticommons provides a model for developing a hypothesis about the economic consequences of heir property.
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