Experienced Partition Attorneys Serving Mountain View
Talkov Law’s attorneys serving Santa Clara County are exceptionally experienced in the area of California partition actions. A California partition action is a law that allows co-owners of real property to divide the property among themselves. The partition statutes provide a legal mechanism for co-owners to divide the property without having to go through the court system. The partition statutes allow co-owners to divide the property either by agreement or by court order. If the co-owners cannot agree on how to divide the property, then the court will divide the property in a way that is fair and equitable to all parties. The partition statutes also provide that any partition of the property must be in accordance with the laws of the state of California. The legal effect of the partition statutes is that it provides a legal mechanism for co-owners to divide their property without having to go through the court system.
Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:
- Who can file a partition action in California? Generally, any co-owner of real property can file a partition action.
- 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 does a partition action take in California?” Most partition actions are complete in 3 to 6 months because most cases settle in either a buyout or agreed sale. However, some cases can drag on for 6 to 12 months.
- What are the potential outcomes of a partition action? The most likely outcome in a partition action is that the plaintiff receives fair value for their interest in the property either through a sale to a third party or to the defendant. In rare cases, a property can be divided, through this is not applicable to single family residences with no surplus land.
- 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.
Speak to Our Mountain View Partition Attorneys Today
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Partition Actions in Mountain View
Partitions are quite common in Mountain View. According to Zillow, the median home value in Mountain View, California is $1,890,000 as of 2021. As of 2020, the population of Mountain View, California is 82,739.
Mountain View is a city located in Santa Clara County, California, in the San Francisco Bay Area. It is one of the major cities in Silicon Valley and is home to many of the world’s largest technology companies, including Google, LinkedIn, and Symantec. The city is known for its vibrant downtown area, which features a variety of restaurants, shops, and entertainment venues. Mountain View also has a number of parks and trails, as well as a thriving arts and culture scene. The city is also home to the Computer History Museum, which showcases the history of computing and technology.
In re Knox’ Estate – Partition Action Case Study
In the legal case of In re Knox’ Estate, 52 Cal.App.2d 338 (1942), is a legal case that deals with the issue of partition of property. The case involved a dispute between two siblings, Mary and William Knox, over the partition of their father’s estate. Mary claimed that she was entitled to a one-half interest in the estate, while William argued that he was entitled to the entire estate. The court found that Mary was entitled to a one-half interest in the estate, and ordered a partition of the estate. The court also held that Mary was entitled to a one-half interest in the proceeds of the sale of the estate, and that William was entitled to the other one-half. The court also held that Mary was entitled to a one-half interest in the rents and profits of the estate, and that William was entitled to the other one-half. The court also ordered that the partition be made in accordance with the laws of the state of California.
Contact our Team of Experienced Partition Lawyers Serving the City of Mountain View in the County of Santa Clara, 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 (650) 999-3300 or contact us online for a free consultation about your co-ownership issues.
Our partition attorneys in Mountain View, California serve Santa Clara County and surrounding areas including Palo Alto, Sunnyvale, Cupertino, Los Altos, Menlo Park, Redwood City.