Dividing marital assets?Divorce settlements involve many decisions, including "Who gets the house". There are generally two choices when it comes to common real estate - it can be put up for sale and the proceeds split, or one party can "buy out" the other. In either case, one or both parties would be wise to get an appraisal of the residence. Contact us if your needs include an appraisal dealing with a divorce or other division of assets. When the intended use of an appraisal is the division of assets, it requires a well-established, expert value conclusion that can be supported in court. When you order an appraisal from Prestige Appraisals, you are assured the best in service with courtesy and the highest quality appraisal. Working through the special conditions of a divorce situation is not a problem for us. NY attorneys as well as accountants rely on our analysis when calculating what the real property is worth for estates, divorces, or other disputes where it is material. We have an abundance of expertise working with everyone involved and are ready to assist with your needs. We submit appraisal reports for courts or various agencies that meet or exceed their requirements. As a legal professional dealing with a divorce, your case's research regularly requires an appraisal to determine fair market value for the residential real estate involved. Often the divorce date differs from the date you requested the appraisal. We're comfortable with the procedures and what is elementary to develop a retroactive appraisal with an effective date and Fair Market Value conclusion that matches the date of divorce. For each divorce appraisal we are hired to do we remain cognizant of the fact that they require prudence delicately. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) dictates confidentiality, ensuring the utmost discretion. |