Partition Actions in Rancho Palos Verdes

Rancho Palos Verdes is a city located in Los Angeles County, California. It is situated on the Palos Verdes Peninsula, a coastal bluff overlooking the Pacific Ocean. The city is known for its beautiful views, rolling hills, and coastal bluffs. It is home to a variety of wildlife, including dolphins, whales, and sea lions. The city is also home to a number of parks, trails, and beaches, making it a popular destination for outdoor recreation. The city is also home to a number of upscale neighborhoods, shopping centers, and restaurants.

According to Zillow, the median home value in Rancho Palos Verdes is $1,541,400 as of 2021. As of the 2020 census, the population of Rancho Palos Verdes, California is 42,742.

Experienced Real Estate Partition Action Attorneys Serving Rancho Palos Verdes

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:

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.
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.
Can a Trust File a Partition? Yes, a trust can file a partition action as the co-owner of real property in California.
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.

Speak to Our Rancho Palos Verdes 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 (310) 496-3300 or contact us below to schedule a free, 15-minute consultation

Raisin Inv. Co. v. Magginetti – Partition Action Case Study

In the legal case of Raisin Inv. Co. v. Magginetti, 109 Cal.App.2d 163 (1952), the issue of partition was at the center of the dispute. The case involved a dispute between two co-owners of a parcel of real property. The plaintiff, Raisin Investment Company, owned a one-half interest in the property, while the defendant, Magginetti, owned the other half. The plaintiff sought to partition the property, arguing that it was not capable of being used in common by the two owners. The defendant argued that the property was capable of being used in common and that partition would be detrimental to both parties. The court ultimately found that the property was capable of being used in common and denied the plaintiff’s request for partition. The court also held that partition would be detrimental to both parties and that the plaintiff was not entitled to a partition of the property.

Contact our Team of Experienced Partition Lawyers Serving the City of Rancho Palos Verdes 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 (310) 496-3300 or contact us online for a free consultation about your co-ownership issues.