Hermosa Beach Partition Lawyer

Partition Actions in Hermosa Beach

Hermosa Beach is a beachfront city located in Los Angeles County, California. It is situated on the Pacific Ocean, just south of the larger city of Redondo Beach. Hermosa Beach is known for its laid-back atmosphere, beautiful beaches, and vibrant nightlife. The city is home to a variety of restaurants, bars, and shops, as well as a number of popular beach activities such as surfing, volleyball, and beach volleyball. Hermosa Beach is also home to the Hermosa Beach Pier, which is a popular spot for fishing, sightseeing, and watching the sunset.

According to Zillow, the median home value in Hermosa Beach, Los Angeles County, California is $1,845,000 as of 2021. As of the 2020 United States Census, the population of Hermosa Beach, California was 19,945.

Experienced Real Estate Partition Action Attorneys Serving Hermosa Beach

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 a partition action and when is it necessary?
• Can heirs force the sale of property? Heirs can force the sale of real property in California once that property is distributed to them. However, sometimes, the property is still held in a trust where the trustee will sell the property. When there is no trust, the probate court may decide that the probate administrator will sell the property before it is distributed in fractional interests to the heirs.
• How will the court in a California partition action determine how much each co-owner will receive from the sales proceeds? Generally, each co-owner will receive their fractional interest in the proceeds of sale based on their ownership interests. However, this amount can be enhanced or diminished by partition offsets whereby one co-owner paid more than their fractional interest for property expenses.
• Can you lose interest in a jointly owned home by moving out? Generally, co-owners maintain their ownership interests regardless of whether they live at the property. However, in rare cases, leaving the property for many years without paying taxes or other expenses may allow the co-owners in possession to argue that they have adversely possessed the property. Generally, these co-ownership disputes do not get easier with time, so it is important to act promptly.
• What are the costs associated with a partition action? The costs of a partition action generally involve the attorney’s fees, and court costs, but can involve referee fees and broker’s fees if the property is sold.