Splitting up assets?
Settling a divorce involves many decisions, including "Who gets the house". There are generally two choices when it comes to the shared residence - it can be put on the market and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties should order an appraisal of the residence.
Contact us if you require an appraisal for the purposes of a divorce or other separation of assets.
An appraisal for the purpose of assent division should include a well-established, expert report that will hold up during a trial. Fennell Appraisal Service, Inc. pledges to give you an exceptional level of service with courtesy and well-supported conclusions. Taking into account the special needs of a divorce situation is familiar territory for us.
Attorneys in KY and accountants rely on our opinions when figuring out real property values for estates, divorces, or other disputes where it is relevant. We have a lot of expertise dealing with all the parties involved and We understand their needs and are used to dealing with all parties involved. We submit appraisal reports that fulfill the requirements of the courts and various agencies.
As a legal professional representing a client in a divorce, your case's material facts typically needs an appraisal to establish fair market value for the residential real estate involved. Often the divorce date may not be the same as the date you purchased the appraisal. We're comfortable with the procedures and requirements fundamental to develop a retroactive appraisal that has an effective date and Fair Market Value conclusion corresponding to the date of divorce. We perform lots of divorce appraisals and we understand that they need to be handled delicately. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which compels us to keep the highest degree of confidentiality, guaranteeing you the utmost discretion.