Beverly Hills Partition Lawyer

Partition Actions in Beverly Hills

Beverly Hills is a city located in Los Angeles County, California, United States. It is home to many celebrities, luxury shopping, and upscale restaurants. It is known for its beautiful homes, lush gardens, and tree-lined streets. Beverly Hills is also home to the famous Rodeo Drive, a shopping district filled with designer stores and high-end boutiques. The city is also home to many museums, galleries, and other cultural attractions. Beverly Hills is a popular tourist destination and is known for its luxurious lifestyle.

According to Zillow, the median home value in Beverly Hills, Los Angeles County, California is $3,890,000 as of 2021. The population of Beverly Hills, California is 34,109.

Experienced Real Estate Partition Action Attorneys Serving Beverly Hills

Talkov Law’s attorneys serving Los Angeles County are exceptionally experienced in the area of California partition actions. 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.

Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:

• What is the average cost of a partition action? The usual cost for a partition action is about $8,000 to $12,000, depending on the complexity. Some cases settle quickly after the defendant receives the partition complaint, while others can drag on longer if there are more complex issues or delay tactics by the defendant.
• How much does a partition action cost? The cost of a partition action can vary widely depending on the complexity of the case. A typical partition action usually costs between $5,000 and $12,000, with about $8,000 being the most common cost. However, difficulty locating a defendant, the motion to appoint a partition referee, delay tactics by defendants, and other issues may raise the cost of your partition action. An experienced partition lawyer can mitigate costs and resolve your co-ownership dispute with maximum efficiency.
• Can a Trust File a Partition? Yes, a trust can file a partition action as the co-owner of real property in California.
• Can I be forced into selling a jointly owned house? Under California’s Partition of Real Property Act, a co-owner will have a right to buyout the property. However, absent a buy out at the appraised price, a plaintiff will likely be able to force the sale of a jointly owned house.
• 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.