Dividing marital assets?Finalizing a divorce involves many decisions, including "Who gets the house". There are generally two choices when discussing the shared residence - it can be put on the market and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties would find it in their best interest to commission an appraisal of the residence. Contact us if your needs include an appraisal related to a divorce or other separation of assets. When the reason for an appraisal is a divorce settlement, it must have a well-established, professional value conclusion that can be supported during a trial. When you order an appraisal from Cathy Mullins, you are assured the best in service with courtesy and the highest quality appraisal. We also know how to provide for the prickly needs of a divorce situation. Attorneys in TN and accountants depend on our values when figuring out what the real property is worth for estates, divorces, or other disputes where it is crucial. We have a lot of expertise dealing with all the parties involved and We understand their needs and are used to dealing with all parties involved. We submit appraisal reports for courts or various agencies that meet or exceed their requirements. For lawyers working with a divorce, your case's research often necessitates an appraisal to establish fair market value for the residential real estate involved. A lot of the time the divorce date can be different from the date you purchased the appraisal. We're comfortable with the procedures and what it means to develop a retroactive appraisal that has an effective date and Fair Market Value conclusion matching the date of divorce. We work on a reasonable number of divorce appraisals and we understand that they need to be handled with the utmost care. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) dictates confidentiality, guaranteeing you the utmost discretion. |