Corning Co-Ownership Disputes
Our team of partition attorneys in Tehama can assist co-owners with frequently asked questions about partitions, such as:
- 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 are my partition rights for inherited property? Co-owners of inherited property generally have the absolute right to force the sale of the property through a partition action.
- Can I still file a partition if my co-owner has filed for bankruptcy? Yes, the partition action can generally be filed in the bankruptcy court or the bankruptcy court can apply state partition law to allow offsets when the co-owned property is sold by the bankruptcy trustee.
- 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.
- How much does a partition action cost? The cost of a partition action can vary widely depending on the complexity of the case. A typical partition action usually costs between $5,000 and $12,000, with about $8,000 being the most common cost. However, difficulty locating a defendant, the motion to appoint a partition referee, delay tactics by defendants, and other issues may raise the cost of your partition action. An experienced partition lawyer can mitigate costs and resolve your co-ownership dispute with maximum efficiency.
Our Corning Partition Attorneys Know Tehama County
Corning is a small city located in Northern California, in Tehama County. It is situated along the Sacramento River, and is known for its agricultural production, particularly walnuts, almonds, and prunes. The city is also home to a number of wineries, and is a popular destination for outdoor recreation, with nearby lakes, rivers, and mountains providing ample opportunities for fishing, camping, and hiking. Corning is also home to a number of historic sites, including the Corning Museum of Glass, the Corning Railroad Museum, and the Corning Opera House.
The Los Angeles community of Corning was founded in the late 1800s by a group of settlers from Corning, New York. The settlers were attracted to the area by its mild climate and abundant natural resources. The community grew quickly and by the early 1900s, it had become a thriving agricultural center. The area was known for its citrus groves, dairy farms, and poultry ranches. In the 1920s, the community began to transition from an agricultural center to a residential area. The population grew steadily throughout the 20th century, and today Corning is a vibrant and diverse community.
Fresh Group, Inc. v. Wu – Partition Action Case Study
In the legal case of Fresh Group, Inc. v. Wu, 2003 WL 21367938, H024266 (13-Jun-2003) , the issue of partition was at the center of the dispute. The plaintiff, Fresh Group, Inc., owned a commercial building in San Jose, California, which was divided into two separate units. The defendant, Wu, owned one of the units and leased the other to a third party. Fresh Group sought to partition the building, arguing that the two units should be separated and sold separately. Wu opposed the partition, arguing that the two units should remain together and be sold as one. The court ultimately ruled in favor of Fresh Group, ordering the partition of the building and the sale of the two units separately.
Contact an Experienced Partition Attorney in Corning, California
If you want to end your co-ownership relationship, but your co-owner disagrees, a partition action is your only option. Our experienced partition lawyers serving Corning have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Tehama County property. For a free, 15-minute consultation with a knowledgeable partition attorney at Partition Lawyer California, call (530) 999-5588 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Corning, California
Our partition attorneys in Corning also serve Red Bluff, Chico, Oroville, Anderson, Cottonwood, Willows, Los Molinos, Gerber, and Tehama
