Splitting up assets?
We realize that divorce is a painful process. There are many issues that have to be resolved, including what to do with the house. There are generally two choices when discussing the house - it can be sold and the proceeds split, or one party can "buy out" the other. In either case, one or both parties should order an appraisal of the mutual real estate.
Contact us if your needs include an appraisal related to a divorce or other allocation of assets.
When the reason for an appraisal is a divorce settlement, it should include a well-supported, expert report that can be supported during a trial. Astute Appraisals, Inc. pledges to give you an exceptional level of service with professional courtesy and well-supported conclusions. We also know how to care for the prickly needs of a divorce situation.
MD attorneys and accountants depend on our appraisals when calculating real property values for estates, divorces, or other disputes where it is important. We have an abundance of expertise working with everyone involved and can readily handle your needs. We create appraisal documents that fulfill the requirements of the courts and various agencies.
For lawyers representing a client in a divorce, your case's research typically necessitates an appraisal to determine fair market value for the residential real estate involved. A great deal of the time the divorce date may not be the same as the date you purchased the appraisal. We're comfortable with the procedures and what it means to perform a retroactive appraisal with an effective date and Fair Market Value conclusion matching the date of divorce. For each divorce appraisal we are hired to do we remain cognizant of the fact that they need to be handled delicately. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost discretion.