Anyone who has ever sold a car knows there are different opinions as to the value of the car. “Kelly Blue Book” may have one value, the local mechanic may have another, and you may think your car is worth much more than either of those sources.
When spouses divorce and property is divided, all assets should be valued in order to assure an equitable distribution of property. Business assets must be valued. Real estate, vehicles, jewelry, art, and other collectibles may all need to be valued so one spouse does not end up with significantly more valuable assets than the other spouse.
Financial experts with experience in valuing specific types of property can prepare reports to help the court make an equitable property division. Neutral Financial experts provide a valuable service in that they can provide an objective value. On the other hand, when a case is litigated each spouse may hire a financial expert to provide evidence which supports the value which is more favorable for that spouse’s position in the litigation.
When spouses agree on the value of property and in cases where the spouses can agree on the property division without a breakdown of the value of each specific asset there may be no need for financial experts. Financial experts provide a valuable service in that they can provide an objective opinion.
Getting Legal Help
An experienced attorney can help you create a method of property division which minimizes tax consequences. Experienced Sacramento Family Law Attorney Hal Bartholomew can help you get through your divorce with respect and compassion. Contact Bartholomew & Wasznicky LLP today for knowledgeable and respectful representation. Call us at (916) 546-4393.