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Pico Rivera Partition Lawyer

Partition Actions in Pico Rivera

Pico Rivera is a city located in southeastern Los Angeles County, California, United States. The city is situated approximately 11 miles (18 km) southeast of downtown Los Angeles, on the eastern edge of the Los Angeles basin. Pico Rivera is known for its strong sense of community and its diverse population. The city is home to a variety of businesses, including manufacturing, retail, and service industries. It is also home to several parks, a golf course, and a variety of recreational activities. Pico Rivera is a great place to live, work, and play.

According to Zillow, the median home value in Pico Rivera, California is $521,400 as of 2021. As of the 2020 United States Census, the population of Pico Rivera, California is 63,912.

Experienced Real Estate Partition Action Attorneys Serving Pico Rivera

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:

  • 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.
  • How does a partition action work in California?
  • 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.
  • Can a Trust File a Partition? Yes, a trust can file a partition action as the co-owner of real property in California.
  • Can we negotiate a settlement instead of going through a partition action? We find that the best solution is to file the partition action, then negotiate a settlement. Defendants often reach a more reasonable settlement when they are being advised by a partition attorney who will explain that the plaintiff is very likely to obtain the sale of the property.

Speak to Our Pico Rivera 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 (562) 600-3300 or contact us below to schedule a free, 15-minute consultation

    Manley v. Boone – Partition Action Case Study

    In the legal case of Manley v. Boone, 159 F. 633 (1908), the issue was whether a partition of real estate was valid. The plaintiff, Manley, had purchased a tract of land from the defendant, Boone, and the deed of conveyance provided for a partition of the land into two separate parcels. Manley argued that the partition was invalid because it was not made in accordance with the local laws of the state. Boone argued that the partition was valid because it was made in accordance with the deed of conveyance. The court ultimately held that the partition was valid, as it was made in accordance with the deed of conveyance.

    Contact our Team of Experienced Partition Lawyers Serving the City of Pico Rivera 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 (562) 600-3300 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 Pico Rivera also serve Whittier, Montebello, Downey, Santa Fe Springs, and Los Angeles.

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    Call Talkov Law to discuss having your legal fees paid from the proceeds of sale of your property and no money down

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