Jointly Owned Property Issues in Cypress
Our team of partition attorneys in Orange can assist co-owners with frequently asked questions about partitions, such as:
- 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.
- Are there ways to make my partition action less expensive? There are numerous ways to obtain a less expensive partition action in California. For example, having your documents organized can ensure you don’t have to pay your attorney to go through a disorganized mess to get the information they need.
- Can a Trust File a Partition? Yes, a trust can file a partition action as the co-owner of real property in California.
- How will the court in a California partition action determine how much each co-owner will receive from the sales proceeds? Generally, each co-owner will receive their fractional interest in the proceeds of sale based on their ownership interests. However, this amount can be enhanced or diminished by partition offsets whereby one co-owner paid more than their fractional interest for property expenses.
- 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.
Our Cypress Partition Attorneys Know Orange County
Cypress is a city located in Orange County, California. It is situated in the northern part of the county, about 12 miles from the Pacific Ocean. Cypress is a suburban community known for its excellent schools, parks, and recreational facilities. Cypress is also home to a variety of shopping centers, restaurants, and entertainment venues. The city is also home to Cypress College, a two-year community college. Cypress is a great place to live, work, and play.
Cypress, California was founded in the late 1800s by a group of German settlers. The city was originally known as “Waterville” and was later renamed “Cypress” after the Cypress trees that grew in the area. The city was incorporated in 1956 and has since grown to become a thriving suburban community. Cypress is home to a variety of businesses, including the Los Alamitos Race Course, the Cypress College, and the Cypress Civic Center. The city is also home to a number of parks and recreational facilities, including the Cypress Community Center and Cypress Skate Park.
Orien v. Lutz – Partition Action Case Study
In the legal case of Orien v. Lutz, 16 Cal.App.5th 957 (2017), the issue of partition was at the center of the dispute. The case involved a dispute between two siblings over the ownership of a family home. The siblings had inherited the home from their parents, and the siblings had agreed to partition the home, with one sibling taking the upstairs portion and the other taking the downstairs portion. However, the siblings had not been able to agree on the terms of the partition, and the dispute had gone to court. The court had to decide whether the partition should be done by physical division of the home, or by a sale of the home and a division of the proceeds. The court ultimately decided that the partition should be done by a sale of the home and a division of the proceeds.
Contact an Experienced Partition Attorney in Cypress, California
If you want to end your co-ownership relationship, but your co-owner refuses, a partition action is your only option. Our experienced partition lawyers serving Cypress have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Orange County property. For a free, 15-minute consultation with a knowledgeable partition attorney at Partition Lawyer California, call (714) 888-7700 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Cypress, California
Our partition attorneys in Cypress also serve Anaheim, Buena Park, Garden Grove, La Palma, Los Alamitos, Stanton, and Westminster
