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Monterey Park Partition Lawyer

Partition Actions in Monterey Park

Monterey Park is a city located in Los Angeles County, California. It is located in the San Gabriel Valley, just east of downtown Los Angeles. The city is known for its diverse population, with a large Asian-American population, and is home to many Chinese, Taiwanese, and Filipino-American businesses. Monterey Park is also home to a large number of parks and recreational areas, including the Monterey Park Golf Course, the Monterey Park Japanese Garden, and the Monterey Park Historical Museum. The city is also home to a number of shopping centers, restaurants, and other attractions.

According to Zillow, the median home value in Monterey Park, Los Angeles County, California is $619,400 as of 2021. As of the 2020 United States Census, the population of Monterey Park, California was 60,269.

Experienced Real Estate Partition Action Attorneys Serving Monterey Park

Talkov Law’s attorneys serving Los Angeles 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:

  • What is California’s Partition of Real Property Act? Effective January 1, 2023, California’s new partition law allows defendants to buy out the interests of the plaintiff at an appraised value.
  • What are the steps involved in a partition action in California? The first step is to file a partition complaint in California, which is followed by a request for the court to enter an interlocutory judgment of partition, thereby appointing a partition referee under the partition statutes.
  • Can I recover my attorney’s fees in a partition action? Yes, you can recover your legal fees in a partition action through a motion for attorney’s fees. However, most partitions settle, and most settlements involve a walk-away of attorney’s fees, meaning it important to hire a partition attorney who will handle the matter efficiently since each party is likely to pay their own fees.
  • How will the property be divided if a partition action is successful? In most partition actions, the property will be sold, rather than being divided. If the property is eligible for partition in-kind, the court can appoint a referee to prepare a report on dividing the property in a manner that does not damage the value of the fractional interests.
  • Can I be forced into selling a jointly owned house? Under California’s Partition of Real Property Act, a co-owner will have a right to buyout the property. However, absent a buy out at the appraised price, a plaintiff will likely be able to force the sale of a jointly owned house.

Speak to Our Monterey Park 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 (626) 777-3300 or contact us below to schedule a free, 15-minute consultation

    Mayer v. Mayer – Partition Action Case Study

    In the legal case of Mayer v. Mayer, 118 Cal. 510 (1897), the issue of partition was at the center of the dispute. The case involved a dispute between two siblings over the partition of their father’s estate. The siblings had inherited the estate from their father, who had died without leaving a will. The siblings disagreed on how the estate should be divided, and the court was asked to decide the matter. The court ultimately ruled that the estate should be divided equally between the siblings, but the court also noted that the partition of the estate should be done in such a way that each sibling would receive an equal share of the estate’s value. The court also noted that the partition should be done in a manner that would not cause any unnecessary hardship to either sibling.

    Contact our Team of Experienced Partition Lawyers Serving the City of Monterey Park, County of Los Angeles, California

    Our Monterey Park partition litigation attorneys will work diligently to obtain a favorable outcome on your behalf, whether by negotiation or litigation. Talkov law unlocks access to justice for co-owners by funding your case. For qualified cases, you pay no fees until we successfully partition your property by obtaining a sale on the market or to your co-owner! For a free consultation with California’s first and largest team of partition attorneys at Talkov Law at (626) 777-3300 or contact us online today.

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    10880 Wilshire Blvd Ste 1101
    Los Angeles, CA 90024
    Phone: (310) 496-3300

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