Property Divorce

Divorce Papers > Property Divorce

In order to ascertain an equitable distribution of marital property, a 'property appraisal divorce' is of supreme importance. The first and foremost step that an arbitrator or lawyer or administrator should take is to call the 'divorce property appraiser.'

The functions of this appraiser are as follows.

• Identification of each and every asset in the marital estate
• Determination who is the owner of all the identified assets
• Valuation of these assets that is applicable on the date of dissolution. This valuation must be relevant and acceptable by USPAP (Uniform Standards of Professional Appraisal Practice)
• Determination of the authenticity property. This might be a replica
• If the Divorce Property Appraisal proceeds to a lawsuit, then providing expert testimony

Some of the highlights of this appraisal are as follows.

• An accredited appraiser can conduct an objective certified divorce property appraisal. Both the partners would be benefited by this process as the duration of lawsuit, expenses of lawyers and the appraisal cost would be minimized
• If a mutual divorce property appraisal takes place, the proceedings are very simple and can be completed in a short duration
• The valuation of the assets can be done in such a manner that both partners accede to it. Moreover, it can be made irrefutable as on the date of dissolution
• Let us assume that one partner has selected an appraiser and the other spouse does not accept him/her i.e. the appraiser. Then, the partner's appraisal would be defended during the lawsuit by an 'expert appraisal witness'

A divorce property appraisal comprises of the following.

• Real property i.e. the residence
• Personal property, inclusive of the following
  • Retirement plans
  • Pensions
  • Gems
  • Bullion
  • Coins
  • Inventory
  • Trademarks
  • Logos
  • Computers
  • Equipment
  • Machinery
  • Furniture
  • Collectables
  • Rugs
  • Antiques
  • Guns
  • Art
  • Jewelry
  • Vehicles
  • Any business
  • Other movable assets

• Community Property States Divorce - The concepts in community property states divorce have been explained
• Divorce Property Division - The types of divorce property division have been discussed
• Divorce Property Split - Several tactics for divorce property split have been outlined
• Property Rights in Divorce - An overview of property rights in divorce and the factors that impact it have been given
• Marital Property Divorce - The factors that affect marital property distribution have been enumerated
• Separate Property Divorce - All the states in the US are divided into two types in the topic of separate property divorce as noted herein

Divorce Papers