Splitting up marital assets?
We know that divorce is a painful process. There are numerous decisions that have to be resolved, including the fate of the home. There are generally two options when it comes to common real estate - 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 find it in their best interest to commission an appraisal of the residence.
Contact us Drach Appraisals can assist if you need an appraisal related to a divorce or other separation of assets.
An appraisal for the purpose of assent division must have a well-established, expert document that can be supported in court. Drach Appraisals guarantees the very best in service with professional courtesy and well-supported conclusions. Handling the sensitive needs of a divorce situation is frequent territory for us.
Attorneys in PA and accountants rely on our values when calculating real property values for estates, divorces, or other disputes where it is material. We have a lot of expertise working with everyone involved and are ready to assist with your needs. We submit appraisal documents that fulfill the requirements of the courts and various agencies.
For lawyers handling a divorce, your case's research often 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 ordered the appraisal. We are familiar with the techniques and requirements fundamental to do a retroactive appraisal that has an effective date and Fair Market Value conclusion matching the date of divorce. We handle many divorce appraisals and we understand that they need to be handled with total professionalism. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) dictates confidentiality, ensuring the utmost discretion.