Dividing marital assets?
We understand that divorce can be very difficult. There are many issues looming, including the fate of the house. There are generally two options 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 should commission an appraisal of the shared real estate.
Contact us if you require an appraisal related to a divorce or other separation of assets.
An appraisal for the purpose of assent division needs a well-supported, professional value conclusion that will hold up during a trial. When you order an appraisal from Russell Appraisal Service, you are assured the best in service with professional courtesy and the highest quality appraisal. We also know how to provide for the prickly needs of a divorce situation.
Attorneys in TX as well as accountants rely on our opinions when ascertaining what the real property is worth for estates, divorces, or other disputes requiring a value opinion. We have a great deal of expertise dealing with all the parties involved and We understand their needs and are accustomed to dealing with all parties involved. We provide appraisal documents that fulfill the requirements of the courts and various agencies.
As a lawyer handling a divorce, your case's material facts regularly requires an appraisal to establish fair market value for the residential real estate involved. A lot of the time the divorce date may not be the same as the date you purchased the appraisal. We're comfortable with the processes and what's mandatory to perform a retroactive appraisal that has an effective date and Fair Market Value opinion matching the date of divorce. We work on many divorce appraisals and we understand that they require prudence delicately. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which dictates confidentiality, resulting in the utmost discretion.