Experienced Partition Attorneys Serving Santa Clara
Talkov Law’s attorneys serving Santa Clara 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 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 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.
- Do I need to go to court to win a partition action? While the partition action must be filed with the court, partition actions rarely involve a trial in which the co-owners appear at court. This means it is extremely unlikely that you will need to step foot in a courtroom. Most partition work is done by motion practice involving tentative rulings with little interaction between the court and the attorneys, let alone the co-owners.
- Will there be a trial in a California partition action? Trials are extremely rare in partition actions because the interlocutory judgment procedure allows for a partition referee to be appointed by meeting just a few elements that rarely involve live testimony from witnesses. Even if a trial occurred, it would almost certainly relate only to the ownership interests or the distribution of proceeds, though most cases are decided on motion heard by the court based on the papers submitted by the parties.
- How do I file a partition action? Partition actions must be filed in the county where some or all of the co-owned real property is located by way of a partition complaint. While filing the complaint is relatively easy, reaching the end of the partition as quickly and efficiently as possible requires the skill of an experienced partition attorney.
Speak to Our Santa Clara Partition Attorneys Today
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Partition Actions in Santa Clara
Partitions are quite common in Santa Clara. According to Zillow, the median home value in Santa Clara, California is $1,092,400 as of 2021. As of 2020, the population of Santa Clara, California is estimated to be around 246,000 people.
Santa Clara is a city in Santa Clara County, California, located in the heart of Silicon Valley. It is the home of Santa Clara University, the site of Levi’s Stadium, and the headquarters of several high-tech companies such as Intel, Applied Materials, and Nvidia. Santa Clara is known for its Mediterranean climate, its diverse population, and its vibrant downtown area. The city is also home to a number of parks, museums, and other attractions, making it a popular destination for visitors and locals alike.
Elbert, Limited v. Federated Income Properties – Partition Action Case Study
In the legal case of Elbert, Limited v. Federated Income Properties, 120 Cal.App.2d 194 (1953), the issue of partition was at the center of the dispute. The case involved a dispute between two parties over the ownership of a parcel of real estate. Elbert, Limited, the plaintiff, argued that it was the rightful owner of the property, while Federated Income Properties, the defendant, argued that it was the rightful owner. The court had to determine which party had the right to the property. The court found that the property had been partitioned between the two parties, with Elbert, Limited receiving the larger portion. However, the court also found that the partition was not valid, as it had not been done in accordance with the law. The court ruled that the partition was invalid and that the property should be divided equally between the two parties.
Contact our Team of Experienced Partition Lawyers Serving the City of Santa Clara 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 (408) 777-6800 or contact us online for a free consultation about your co-ownership issues.
Our partition attorneys in Santa Clara, California serve Santa Clara County and surrounding areas including San Jose, Sunnyvale, Cupertino, Mountain View, Palo Alto, Menlo Park, Redwood City.