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El Segundo Partition Lawyer

Partition Actions in El Segundo

El Segundo is a city located in Los Angeles County, California. It is situated in the South Bay region of the Greater Los Angeles Area, just south of Los Angeles International Airport. El Segundo is known for its aerospace and defense industry, as well as its beachfront location. The city is home to several major corporations, including Boeing, Raytheon, Northrop Grumman, and Mattel. El Segundo is also home to a variety of restaurants, shops, and entertainment venues. The city is known for its laid-back atmosphere and its proximity to the beach.

According to Zillow, the median home value in El Segundo, California is $1,072,400 as of 2021. As of the 2020 United States Census, the population of El Segundo, California was 16,654.

Experienced Real Estate Partition Action Attorneys Serving El Segundo

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 awarding each co-owner a certain percentage of the property’s value. The court will then order the property to be divided according to the co-owners’ wishes. The partition statutes also provide that if the court finds that a physical division of the property is not possible, it may order the property to be sold and the proceeds divided among the co-owners.

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

  • 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.
  • What types of properties can be subject to a partition action in California? All co-owned real or 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.
  • How long will it take to get the property partitioned and sold? Most commonly, 3 to 6 months is all that it takes for the defendant to agree to a sale or buyout the plaintiff’s interest in the property for a fair value. Some cases may take 6 to 12 months.
  • Are there methods to resolve a partition situation without a court-ordered sale? The vast majority of partitions are solved without a court-ordered sale. Many times, the defendant will buy out the plaintiff’s interest. Other times, the parties will agree to a voluntary sale on the open market. However, the filing of the partition action is generally what forces the defendant to see the wisdom of settlement. Under California’s Partition of Real Property Act, a defendant can buy out the interest of the plaintiff at an appraised value, meaning that a court-ordered sale is only likely occur where the defendant simply can’t afford to buy the property but still won’t agree to sell.

Speak to Our El Segundo Partition Attorneys Today

Call our Los Angeles County Partition Attorneys today to end your co-ownership dispute. You don’t pay until the house is sold!

Call us at (310) 496-3300 or contact us below to schedule a free, 15-minute consultation

    Ghee v. Pleasant – Partition Action Case Study

    In the legal case of Ghee v. Pleasant, 2015 WL 1641200, B253714 (13-Apr-2015) , the issue of partition was at the center of the dispute. The plaintiff, Ghee, owned a parcel of land that was subject to a deed of trust. The deed of trust provided that the land could be partitioned into two separate parcels, with one parcel owned by Ghee and the other owned by Pleasant. Ghee sought to partition the land, but Pleasant objected, arguing that the deed of trust did not provide for partition. The court ultimately held that the deed of trust did provide for partition, and ordered the parties to proceed with the partition. The court also held that the partition should be done in a manner that would be fair and equitable to both parties.

    Contact our Team of Experienced Partition Lawyers Serving the City of El Segundo in the County of Los Angeles, California.

    Our partition litigation attorneys will work diligently to obtain a favorable outcome on your behalf, whether by negotiation or litigation. Call the experienced real estate partition attorneys at Talkov Law at (310) 496-3300 or contact us online for a free consultation about your co-ownership issues.

    Talkov Law Los Angeles Office

    10880 Wilshire Blvd Ste 1101
    Los Angeles, CA 90024
    Phone: (310) 496-3300

    Talkov Law Offices

    Our partition attorneys in El Segundo also serve Manhattan Beach, Hermosa Beach, Redondo Beach, Playa Del Rey, Marina del Rey, Culver City, and Hawthorne.

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    Contact Us Today for a Free Consultation & Pay No Legal Fees Until Your Case is Over

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