For Divorce And Family Law Attorneys
For Divorce And Family Law Attorneys
Valuations are used during divorce to determine the value of assets and liabilities in order to divide them fairly between the parties. This may include the value of a business, real estate, investments, pensions, and other assets.
Valuation experts will use various methods such as Income, Market, Asset-based and other methods to determine the value of assets and liabilities. These valuations are usually conducted by independent, third-party experts and the results are presented to the court as evidence. The court will then use these valuations to divide the assets and liabilities in a fair and equitable manner.
How Are Valuations Used During Divorce?
Business Valuation
If one spouse owns a business, a valuation expert will be engaged to determine the value of the business for the purpose of dividing it between the parties. This may include the value of the business's tangible assets, such as inventory and equipment, as well as its intangible assets, such as patents and trademarks.
Real Estate Valuation
A valuation expert will be engaged to determine the value of any real estate owned by the parties, including primary residence, rental properties, and vacation homes. This will be used to divide the property between the parties.
Investment Valuation
A valuation expert will be engaged to determine the value of any investments, such as stocks, bonds, and mutual funds, in order to divide them fairly between the parties.
Retirement Plans
A valuation expert will be engaged to determine the value of any pensions and retirement plans, such as 401(k)s and IRAs, in order to divide them fairly between the parties.
Dependence on Key Employees
A valuation expert will be engaged to determine the value of any other assets, such as art, jewelry, and collectibles, in order to divide them fairly between the parties.
