San Marino Partition Attorney

Partition Lawyer San Marino Los Angeles California Attorney Partition Action

Experienced Partition Action Lawyers in San Marino

California partition actions provide a legal mechanism for co-owners of real property to divide the property among themselves. The partition statutes allow a co-owner to file a lawsuit in court to have the property divided, either physically or by sale. The court will then order the division of the property in a way that is fair and equitable to all parties. The partition statutes also provide that any proceeds from the sale of the property must be divided among the co-owners in proportion to their respective interests in the property. The valuable real estate in San Marino often creates disagreements between co-owners that can only be solved by a Los Angeles partition attorney skilled in the judicial procedures in Los Angeles County.

  • Can a partition action be filed for both real property and personal property in California? Yes, all co-owned real and personal property can be partitioned under California law. Cal. Civ. Proc. Code § 872.020.
  • What are the tax implications of a partition action? It is best to seek the advice of a tax attorney or CPA about tax issues. However, the most common tax issues in partitions, like other sales, can involve capital gains taxes and the potential partial or full reassessment of property taxes.
  • What is the timeline for a California partition action? Most partition actions are resolved in 3 to 6 months by way of settlement. Other cases can take 6 to 12 months to obtain an interlocutory judgment of partition, which generally appoints a referee to sell the property.
  • How long will it take for the plaintiff to receive his or her share of the sales proceeds? Usually, the property is marketed for sale or purchased by the defendant in 3 to 6 months. If a referee is appointed, that may take 6 to 9 months. With proper drafting of an interlocutory judgment of partition by sale, the referee can be required to disburse the proceeds promptly at the close of escrow or shortly thereafter.
  • Can we negotiate a settlement instead of going through a partition action? We find that the best solution is to file the partition action, then negotiate a settlement. Defendants often reach a more reasonable settlement when they are being advised by a partition attorney who will explain that the plaintiff is very likely to obtain the sale of the property.

Los Angeles, Partition Action, Attorney, Lawyer;

Partition Actions in San Marino

Partition actions are common in the City of San Marino.

91108

San Marino includes the of zip code.

Partition Actions Under California Law

In re Turner

In the legal case of In re Turner, 2002 WL 31032242, E030507 (12-Sep-2002) , the partition issues revolved around the division of a parcel of real property located in California. The property was owned by two siblings, Turner and Turner-Gonzalez, who had inherited it from their father. Turner-Gonzalez wanted to partition the property, while Turner wanted to keep it intact. The court had to decide whether to grant the partition or not. The court ultimately decided to grant the partition, but it also imposed certain restrictions on the division of the property. Specifically, the court ordered that the property be divided into two equal parts, with Turner-Gonzalez receiving one part and Turner receiving the other. The court also ordered that Turner-Gonzalez would be responsible for paying the costs associated with the partition.

Contact our Team of Experienced Partition Lawyers Serving the City of San Marino, California

Contact Experienced Partition Attorney Scott Talkov

(626) 777-3300

Experienced California Partition Attorney Serving San Marino

When faced with a disagreement with your co-owner regarding the sale of your property in San Marino, our partition attorneys in Los Angeles County are here to safeguard your rights and expedite the resolution process through court intervention. With extensive expertise in resolving co-ownership disputes in San Marino, California, we can assist you in unlocking the value of your property. To schedule a complimentary 15-minute consultation with one of our dedicated partition attorneys at Partition Los Angeles, simply reach out to us via phone at (626) 777-3300 or complete an online contact form.