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3 reasons to invest in asset appraisals during your divorce

On Behalf of | Jun 28, 2024 | High-Asset Divorce

The division of assets during divorce brings new challenges in a high-asset situation. The complexities of these cases can lead to conflict. Asset appraisals play a key role in determining proper distribution.

There are several benefits to investing in asset appraisals during your divorce.

1. Establishing accurate valuations

Asset appraisals provide an unbiased, professional assessment of the true worth of various assets. By engaging certified appraisers who specialize in specific asset classes, divorcing couples can obtain accurate and defensible valuations. This is particularly important in high-value divorces. In these cases, the stakes are higher and the financial implications of inaccurate valuations are significant.

2. Facilitating equitable distribution

With reliable asset valuations in hand, divorcing parties can more effectively negotiate and agree upon an equitable distribution of their marital property. Appraisals help to level the playing field by providing both parties with a clear understanding of the value of their assets. This transparency can reduce conflicts and facilitate a more amicable settlement process, as both parties can make informed decisions based on objective data.

3. Minimizing post-divorce disputes

Thorough asset appraisals conducted during the divorce process can minimize the likelihood of post-divorce disputes. When both parties agree to the appraised values of their assets and use these figures as the basis for their property division, there is less room for future disagreements or legal challenges. This can save divorcing couples time, money and emotional stress in the long run, allowing them to move forward with their lives more quickly and with greater certainty.

The conflicts surrounding asset distribution can prolong your divorce process. If you are facing a high-value divorce, consider the importance of engaging professional appraisers to ensure a fair and comprehensive assessment of your marital assets.