What is Asset Valuation?
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 antiques, collectibles, jewelry, items of inherent value, specialty items are also areas where experience and a practical approach to the equitable division of assets in a 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 a 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, MA Divorce Attorney John G. DiPiano is Experienced in Asset Valuation and Asset Division
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.
Prepare for your consultation
Many attorneys will typically ask clients to prepare a packet full of files for their first consultation, including tax returns, financial statements, information on marital property and more.
When you work with Attorney DiPiano, you can expect a different type of meeting.
An initial consultation with Attorney DiPiano is meant as an opportunity for you to get to know each other and define the issues that are most important to you, to provide information and education as to what you may expect from the divorcing process and to establish a plan for moving forward in a manner that is organized and cost-effective.
You can expect to discuss your needs as a client based on your individual situation, and will develop a tailored strategy that suits your case.
If you are interested in learning more about Attorney DiPiano’s approach to initial consultations, read this post.