Kingsburg Partition Lawyer

Partition Actions in Kingsburg

Kingsburg is a small city located in Fresno County, California. It is situated in the San Joaquin Valley, about 20 miles south of Fresno. The city has a population of around 11,000 people and is known for its agricultural production, particularly of raisins and almonds. Kingsburg is also home to a variety of small businesses, including restaurants, shops, and a historic downtown area. The city is known for its annual Swedish Festival, which celebrates the city’s Swedish heritage. Kingsburg is a great place to live, work, and play, with plenty of outdoor activities, a vibrant downtown, and a friendly, welcoming atmosphere.

According to Zillow, the median home value in Kingsburg, California is $323,400. As of the 2020 United States Census, the population of Kingsburg, California was 11,382.

Experienced Real Estate Partition Action Attorneys Serving Kingsburg

Talkov Law’s attorneys serving Fresno 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:

• 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.
• Can a partition action be stopped? Generally, a partition action cannot be stopped, but a defendant may be able to buy time to seek a resolution. Eventually, however, the plaintiff can generally force the sale of the property based on the absolute right to partition.
• 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.
• What type of relief can be granted by the court in a partition action? A partition action generally involves the sale or division of the property, along with an accounting of offsets.
• 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.