Splitting up marital assets?Divorce settlements involve many decisions, including who gets the house. There are generally two choices when it comes to 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 would be wise to get an appraisal of the mutual real estate.An appraisal for the purpose of asset division requires a well-supported, professional value conclusion that can be supported in court. When you order an appraisal from McDonald & Associates, you are assured the best in service with courtesy and the highest quality appraisal. We also know how to provide for the sensitive needs of a divorce situation.
Illinois attorneys as well as accountants depend on our appraisals when figuring out what the real property is worth for estates, divorces, or other disputes depending on a value opinion. We have a great deal of expertise working with everyone involved and can readily handle your needs. We submit appraisal documents that meet the requirements of the courts and various agencies. As a lawyer representing a client in a divorce, your case's evidence typically needs an appraisal to ascertain fair market value for the residential real estate involved. Many times the divorce date may not be the same as the date you purchased the appraisal. We're comfortable with the techniques and all that it means to complete a retroactive appraisal that has an effective date and Fair Market Value estimate that matches the date of divorce. We handle a reasonable number of divorce appraisals (unfortunately) and we understand that they require prudence with the utmost care. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) means the highest amount of confidentiality, resulting in the utmost discretion. |
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