One of the most challenging aspects of divorce is having to split up any marital assets. After all, the value of any given item is seldom static. Something that you paid very little for 20 years ago could be worth a lot more today, while something you paid dearly for a year ago may not have held its value.
Valuations can help you determine what you have to split
You may own some assets that are hard to value, like collections, jewelry, a family business, antiques or artwork. You may find it helpful to have an appraiser assess the value of those items before you even think about how they should be divided. That way, you aren’t negotiating blindly.
Valuation of the marital home is also important
One of the more challenging decisions you and your spouse may need to make in your divorce is what to do with your marital home. One of you may be thinking about keeping it, while the other may just want to sell it so you can both move on. Neither of you may be in agreement about how much the property is worth, however, and that makes it difficult to split its value.
An appraiser can help you understand the current market value of your home, rather than what it was worth at the time of purchase. That may make it easier to understand what can be done to split the equity.
Dividing valuable marital assets often takes negotiation
Property division discussions often have a way of becoming heated and can result in unnecessary expense and time delays. These disagreements can cause other problems as you look to negotiate a settlement. A divorce attorney here in Visalia can help you sort out some of these complex property division matters so that you can more swiftly move on with your life.