Fair Market Value, Inc
The purpose of a divorce appraisal is to establish the fair market value of the couple's assets at the time of the divorce. This valuation is crucial in determining how the marital property will be divided between the spouses. It helps ensure that both parties receive a fair share of the assets, taking into account factors such as the duration of the marriage, contributions of each spouse, and the specific laws governing property division in the jurisdiction.
Divorce appraisals can be conducted for both contested and uncontested divorces. In a contested divorce, where the couple disagrees on the value of their assets, each party may hire their own appraiser to provide separate valuations. In an uncontested divorce, the couple may agree on a single appraiser to determine the value of their assets.
It's important to note that divorce appraisals are typically conducted by professional appraisers who specialize in valuing assets for divorce purposes. These appraisers are knowledgeable about the legal requirements and methodologies involved in divorce appraisals and can provide an unbiased assessment of the value of the assets.
If you are going through a divorce and require a divorce appraisal, it is advisable to consult with a family law attorney who can guide you through the process and help you find a qualified appraiser to ensure a fair valuation of your assets.
Getting an appraisal is the best way to get the most accurate value of your property.
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