Accounting in Partitions Actions
Long Island Partition Accounting Attorney
By J. Douglas Barics
Unless all parties agree on how a jointly owned property should be divided, an accounting is required in every partition action. See Khotylev v Spektor. The purpose of an accounting is to allow each party to put forth their claims one some parties should receive a greater share of the property and other parties should receive less. If the property is being physically partitioned, the parties can also submit evidence why they should receive one portion and not another.
Accounting is usually fact specific to each case and the best partition attorneys will know how to obtain evidence to support your position and other evidence to weaken the opposing side's position.
At the Law Office of J. Douglas Barics, we have the experience to present the strongest case possible for you in any partition matter.
Do you need representation in a Partition Action on Long Island or New York City?
Contact us online or at (631) 864-2600.
Accounting in New York Partition Actions
What you need to know about an Accounting in Partitions
What is an accounting in a partition action?
An accounting is the phase where each party can set out what expenses they paid on the property so that the court can make any necessary offsets.
What kind of expenses would result in an offset?
Expenses which exceed that party's interest in the property are normally reimbursed to that party.
What kind of expenses would not result in an offset?
Expenses that a party paid which are equal or less than their interest are normally not reimbursed.
Is an accounting mandatory?
If the parties agree on how to divide the property or the proceeds from a sale no accounting is necessary.
Contact Our Partition Attorney Today
At the Law Office of J. Douglas Barics, we have the skills and knowledge to handle any partition, no matter how challenging or complex. With over 20 years of experience in partition actions, we can bring to you the services of a large firm at a fraction of the cost. When you need a skilled partition lawyer located in Suffolk County, call The Law Office of J. Douglas Barics.
For a free phone case consultation or to schedule an office meeting, call 631-864-2600.