partition in kind

Partition in kind refers to dividing a shared asset or property into separate portions that are physically distinct but equal in value. Instead of selling the asset and splitting the proceeds, each owner receives a part of the original item. This approach is often used in inheritance situations, where co-owners may prefer to maintain the original property (like land or a home) rather than liquidating it. This method aims to satisfy everyone's share without the need for monetary exchange, thereby preserving the item’s integrity and the relationships among co-owners.