Dividing marital assets?
Divorce settlements involve many decisions, including "Who gets the house". There are generally two alternatives when discussing the house - it can be sold and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties would be wise to order an appraisal of the residence.
Contact us if you require an appraisal for the purposes of a divorce or other division of assets.
An appraisal for the purpose of assent division must have a well-established, professional document that will hold up to a judge. Russell Appraisal Service guarantees an exceptional level of service with professional courtesy and top notch analysis. Handling the sensitive challenges of a divorce situation is familiar territory for us.
Attorneys in TX and accountants rely on our appraisals when calculating what the real property is worth for estates, divorces, or other disputes where it is in question. We have a lot of expertise dealing with all the parties involved and We understand their needs and are accustomed to dealing with all parties involved. We create appraisal reports that fulfill the requirements of the courts and various agencies.
For legal professionals representing a client in a divorce, your case's research frequently needs an appraisal to ascertain 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 requested the appraisal. We are familiar with the procedures and the effort necessary to develop a retroactive appraisal that has an effective date and Fair Market Value estimate matching the date of divorce. For each divorce appraisal we perform we keep in mind that they require prudence with the utmost care. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which dictates confidentiality, ensuring the utmost discretion.