Asset valuation often is an important aspect of both simple family law cases and complex divorce litigation. Accurate asset values are essential to an overall equitable division of assets in many divorce actions. Different types of assets are subject to different types of asset valuation techniques and standards. Real estate, for example, may fall into the categories of valuation of residential real estate, valuation of commercial real estate, valuation of investment real estate, valuation of vacation real estate, valuation of partial interests or shares in real estate, or other categories of real estate asset valuation. Qualified and credentialed real estate appraisers are important members of the family law attorney's team in such cases.
Valuation of personal property may, or may not, be warranted in certain cases. Valuation and equitable division of assets such as antiues, collectibles, jewelry, items of inherent value, specialty items are also areas where experience and a practical approach to the equitable division of assets in divorce is essential to a favorable and equitable outcome to the case.
Pensions, IRAs, 401 (k), 403 (b), Keough and other retirement assets may, or may not, require valuation, depending on the type of retirement asset that is to be divided, and the manner in which the asset is to be divided.
Salem Family Law Attorney John G. DiPiano has years of experience in successfully navigating issues of asset valuation in the context of divorce. If you have questions or concerns about the process of asset valuation in divorce, contact Attorney DiPiano for a consultation.