Jointly Owned Property Issues in Los Angeles
Our team of partition attorneys in Los Angeles 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.
- How does a partition action work in California?
- Can heirs force the sale of property? Heirs can force the sale of real property in California once that property is distributed to them. However, sometimes, the property is still held in a trust where the trustee will sell the property. When there is no trust, the probate court may decide that the probate administrator will sell the property before it is distributed in fractional interests to the heirs.
- 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 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.
Our Northridge Partition Attorneys Know Los Angeles County
Northridge is a neighborhood in the San Fernando Valley region of Los Angeles, California. It is bordered by the Santa Susana Mountains to the north, the Simi Hills to the east, and the Santa Monica Mountains to the south. The area is known for its diverse population, excellent schools, and vibrant nightlife. It is home to California State University, Northridge, as well as many shopping centers, restaurants, and entertainment venues. The area is also known for its beautiful parks and open spaces, including the Northridge Recreation Center and the Northridge Park.
Northridge, California is a vibrant and diverse community located in the San Fernando Valley of Los Angeles. The area is known for its excellent schools, parks, and shopping centers. Northridge is home to a variety of real estate options, including single-family homes, townhomes, condominiums, and apartments. Single-family homes in Northridge range from small starter homes to large luxury estates. Townhomes and condominiums are popular for those looking for a low-maintenance lifestyle. Apartments are available in a variety of sizes and styles, from studio apartments to large multi-bedroom units. Northridge also offers a variety of commercial real estate options, including office buildings, retail stores, and industrial properties.
Cummings v. Cummings – Partition Action Case Study
In the legal case of Cummings v. Cummings, 2016 WL 7077615, H041308 (23-Nov-2016), the partition issues revolved around the division of a family-owned property. The property in question was owned by the parties’ parents, who had passed away. The parties had agreed to divide the property, but the agreement was not properly documented. The court had to determine how to divide the property in a fair and equitable manner. The court also had to consider the parties’ respective interests in the property, as well as the potential for future disputes between the parties. The court ultimately determined that the property should be divided in a manner that was fair and equitable to both parties.
Contact an Experienced Partition Attorney in Northridge, 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 Los Angeles have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Los Angeles County property. For a free, 15-minute consultation with a knowledgeable partition attorney at Partition Lawyer California, call (818) 900-7700 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Northridge, California
Our partition attorneys in Northridge also serve Granada Hills, Porter Ranch, Chatsworth, Reseda, Winnetka, Canoga Park, and Encino
