Dividing marital assets?Divorce settlements involve many decisions, including who keeps the house. There are generally two alternatives when discussing common real estate - it can be put up for sale and the proceeds split, 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 shared real estate.
An appraisal for the purpose of asset division needs a well-supported, authoritative report that will hold up during a trial. A4 Appraisal Professional Corp. guarantees an exceptional level of service with courtesy and the highest quality appraisal. Working through the particular conditions of a divorce situation is not a problem for us.
Attorneys as well as accountants in Illinois rely on our opinions when figuring out what real estate is worth for estates, divorces, or other disputes where it is relevant. We understand their needs and are used to dealing with all parties involved. We provide appraisal documents that meet the requirements of the courts and various agencies.
As a lawyer representing a client in a divorce, your case's material facts customarily require an appraisal to determine market value for the residential real estate involved. Often the divorce date may not be the same as the date you ordered the appraisal. We're experienced with the processes and what it takes to do a retrospective appraisal that has an effective date and Market Value conclusion that matches the date of divorce. We work on many divorce appraisals (unfortunately) and we understand that they need to be handled prudently. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, resulting in the utmost discretion.