If you own real estate in New York with other co-owners, you may have considered partitioning the property - that is dividing up the property so each owner has their own separate parcel or selling the property and distributing the net proceeds among the co-owners.
However, partitioning property can be legally complex. That's why if you're thinking about petitioning for partition in New York, it's highly advisable to hire an experienced partition lawyer like us to handle the process for you.
When you inherit real estate, you become a co-owner with other heirs who you don’t see eye-to-eye with. Conflicts often arise in situations such as:
When conflicts emerge with inherited property, a partition sale or action may be necessary to protect your rights and interests. We can handle the partition process on your behalf.
Partition is governed by New York statute. There are very specific procedures that must be followed. We understand these rules and laws inside and out. We know the proper process to follow and paperwork to file with the court. We can also advise you on the strength of your case and your rights as a co-owner of the property.
In addition to standard property partition laws, there is an important law in New York that pertains specifically to inherited property with multiple owners: The Uniform Partition of Heirs Property Act (UPHPA).
The UPHPA was passed in New York in 2021 to address common issues that arise when family inherit ownership of a property as tenants-in-common. The goal is to protect the rights and interests of all heirs and prevent unfair partition sales.
This law aimed to prevent the following situations, which were prevalent prior to the enactment of this law:
Now, key provisions of the law aim to minimize the risk of the above situations from happening, such as:
If you’ve inherited a property in New York and are seeking partition, the UPHPA adds another layer of specific laws and procedures to be aware of. Hiring an experienced partition attorney like us is key to ensuring the law is followed properly and your rights are protected. Our firm has in-depth knowledge of this important law.
Here is an overview of the typical procedure a partition lawyer like us follows when filing a partition case:
Most partition cases are granted by the courts. Courts would rarely force co-owners to stay as such when partition is feasible. For this reason, partition is usually just filed as leverage for negotiations among the co-owners, especially when one co-owner is stubborn and would not like to partition or sell the property. Usually, these are the co-owners who live in the property and are deriving use over the property to the detriment of the other co-owners. When a partition case are filed, legal fees accumulate, which then reduces the co-owners equity over the property. An experienced lawyer like us will first attempt to negotiate a settlement between the co-owners in order to find the most efficient and cost-effective process for the client to achieve his objective.
Generally, there are several opportunities to reach a settlement during the legal process:
Reaching a settlement allows the co-owners to partition on their own mutually-agreeable terms rather than leaving it in the hands of a judge. We always emphasize negotiation and compromise because it can deliver great value and avoid prolonged litigation. With the right approach, a fair resolution is often attainable.
Objectivity
Emotions and tensions often run high when co-owners partition property, especially because co-owners are usually family members. You need an objective third party to handle and communicate the sensitive details. Your lawyer isn't personally involved and can logically handle issues like property appraisals, surveying, titles, and more.
Questions to Ask Prospective Partition Lawyers
Here are some key questions to ask when interviewing prospective partition lawyers:
By asking these types of questions, you can get a feel for the lawyer's experience and approach.
Don't Attempt Partition Without a Lawyer
In most cases, attempting to partition property without good legal guidance is unwise. The legal hurdles are challenging for non-lawyers to navigate. With so much at stake, having an experienced lawyer handle the process and represent your interests can give you invaluable peace of mind.
If you need legal representation in partitioning property in New York, we, at the law offices of Albert Goodwin, are here for you. We have offices in New York, NY, Brooklyn, NY and Queens, NY. You can call us at 718-509-9774 or send us an email at [email protected].