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Adkisson Pitet LLP
  • Home
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    • Jay D. Adkisson
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Home   /   Blog   /   Page 2 of 2

Blog

Should I create a QPRT before 2026?

Should I create a QPRT before 2026?

April 07, 2022

With the potential reversion of the lifetime gift and estate tax exemption in 2026 and rising interest rates, now is a good time to sit down with your advisor to determine if a QPRT may be right for your situation. 

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PARTITION ACTION: AN EQUITABLE REMEDY

PARTITION ACTION: AN EQUITABLE REMEDY

April 04, 2022

Any co-owner can file a partition action, regardless of the size of their ownership interest.  In other words, if someone owns as little as 1% of a piece of property, they can exercise their right to partition.  Under California Civil Procedure Section 872.210, “a partition action may be commenced and maintained by any of the following persons: (1) a co-owner of personal property or (2) an owner of an estate of inheritance, an estate for life, or an estate for years in real property where such property or estate therein is owned by several persons concurrently, or in successive estates.”  Therefore, to prevail in a partition action, a party must prove through the property deed(s), other title paperwork, and any estate planning documents if applicable, that they have an interest in the property.

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Adkisson Pitet LLP
  • Adkisson Pitet is a law firm in Orange and San Diego Counties, California, and Las Vegas, Nevada, concentrating principally on Litigation and Writs & Appeals; Creditor-Debtor; Captive Insurance; Government Investigations & White Collar Defense; and Business Transactions, Employment Law, Tax Controversy, and Estate Planning. Our practice primarily covers California, Nevada, and Arizona, but we are also licensed in Oklahoma, Texas and Hawaii.
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