Dividing assets?Settling a divorce involves many decisions, including "Who gets the house". There are generally two options when discussing common real estate - it can be put on the market and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties should commission an appraisal of the residence. Contact us if your needs include an appraisal dealing with a divorce or other allocation of assets. When the intended use of an appraisal is the division of assets, it must have a well-supported, expert document that is defensible in court. When you order an appraisal from Jerome Festejo, you are assured the best in service with courtesy and well-supported conclusions. We also know how to care for the prickly needs of a divorce situation. Attorneys in CA and accountants depend on our analysis when determining what the real property is worth for estates, divorces, or other disputes where it is material. We have a lot of expertise dealing with all the parties involved and are ready to assist with your needs. We provide appraisal reports for courts or various agencies that meet or exceed their requirements. As a legal professional representing a client in a divorce, your case's research typically necessitates an appraisal to ascertain fair market value for the residential real estate involved. A great deal of the time the divorce date can be different from the date you purchased the appraisal. We're comfortable with the procedures and the effort needed to complete a retroactive appraisal that has an effective date and Fair Market Value opinion corresponding to the date of divorce. We perform a reasonable number of divorce appraisals (unfortunately) and we understand that they require prudence delicately. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) dictates confidentiality, ensuring the utmost discretion. |