Experienced Partition Attorneys Serving Rialto
Talkov Law’s attorneys serving San Bernardino 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 feasible, 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:
- When is a partition action right for my dispute? Generally, parties who can reach their own resolution of a co-ownership dispute are not reading websites about partition law. If you are reading this article, chances are that your co-ownership dispute has reached a level where legal options are being considered. Filing a partition action will bring about a certain result to the co-ownership dispute, rather than letting it linger for years on end. However, if the parties are very close to a settlement, it may be wise to consider a resolution.
- What is a partition action and when is it necessary?
- 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.
- What is the timeline for a California partition action? Most partition actions are resolved in 3 to 6 months by way of settlement. Other cases can take 6 to 12 months to obtain an interlocutory judgment of partition, which generally appoints a referee to sell the property.
- Who pays for a partition action? In California, each party typically pays for their own attorney’s fees (known as the “American Rule”). However, California partition law allows for an exception to this rule, stating that “the court shall apportion the costs of partition among the parties in proportion to their interests or make such other apportionment as may be equitable.” California Code of Civil Procedure 874.040. Indeed, the court may award “reasonable attorney’s fees incurred or paid by a party for the common benefit.” California Code of Civil Procedure 874.010(a).
Speak to Our Rialto Partition Attorneys Today
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Partition Actions in Rialto
Partitions are quite common in Rialto. According to Zillow, the median home value in Rialto, California is $323,400 as of 2021. As of 2020, the population of the California area of Rialto is estimated to be around 99,826 people.
Rialto is a city located in San Bernardino County, California. It is located in the Inland Empire region of the state, and is part of the Greater Los Angeles Area. The city is the 17th most populous city in California. Rialto is known for its diverse population, with a large Hispanic population, as well as a large African American population. The city is also home to a number of industrial and commercial businesses, as well as a number of parks and recreational areas. Rialto is a great place to live, work, and play, and is a great place to visit for its many attractions.
Gordon v. Nichols – Partition Action Case Study
In the legal case of Gordon v. Nichols, 86 Cal.App.2d 571 (1948), the issue was whether a partition of real property could be made between two co-owners. The plaintiff, Gordon, owned a one-half interest in a parcel of real property with the defendant, Nichols, owning the other half. Gordon sought to partition the property, but Nichols objected, arguing that the property was not susceptible to partition. The court held that the property was susceptible to partition, and that the partition should be made in accordance with the provisions of the California Code of Civil Procedure. The court also held that the partition should be made in such a way as to ensure that each co-owner received an equal share of the property.
Contact our Team of Experienced Partition Lawyers Serving the City of Rialto in the County of San Bernardino, 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 (909) 577-3300 or contact us online for a free consultation about your co-ownership issues.
Our partition attorneys in Rialto, California serve San Bernardino County and surrounding areas including San Bernardino, Fontana, Colton, Bloomington, Highland.