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?
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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.