Archive for July, 2008

Divorce Valuation of Property

Thursday, July 03rd, 2008

Divorce Valuation of Property by an accredited expert appraiser will aid the court and the parties in equitable distribution. If both parties could agree on an accredited appraiser who is also an expert appraisal witness, the appraisal is more cost efficient and less negotiation is needed at the time of distribution of property. Most couples of divorce think first of the home, however when the home is valued at $200,000 or more, the contents usually are appraised at equal or more than the home. A home appraiser usually is not qualified to appraise the personal property (contents and all other property that is jointly owned that is not real estate). Take appropriate measures to find an appraiser that can appraise the property of divorce. The date that the filing of the Complaint for Divorce will be the date that assets will be valued for purposes of equitable distribution. Should the assets increase or decrease in value due to market conditions, such as in the stock markets and real estate, the loss or gain is realized by both divorce parties at the time the assets are distributed or sold. Should an asset increase in value due to the sole industry and efforts of one party, the gain will be that of the person causing the increase in value. If there are losses the loss will be treated similarly.

Divorce Valuation of property extends to pensions, business owned, trademarks as well as the home, land, and vehicles. Finding an appraiser the is also an expert appraisal witness is paramount should litigation occur beyond the formality of dissolution.

Email or call Fussell Valuation Associates for experienced expert appraisers. 480 463 6579