![]() Splitting up assets?We understand that divorce can be very difficult. There are countless issues to worry about, including the status of the shared residence. There are generally two choices when it comes to the shared residence - it can be put on the market and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties would be wise to get an appraisal of the residence. Contact us if you require an appraisal dealing with a divorce or other division of assets. An appraisal for the purpose of assent division should include a well-supported, expert document that can be supported to a judge. JE Phillips Appraisals pledges to give you the very best in service with courtesy and the highest quality appraisal. Taking into account the special needs of a divorce situation is not a problem for us. TX attorneys as well as accountants rely on our values when calculating real property values for estates, divorces, or other disputes where it is material. We have an abundance of expertise working with everyone involved and We understand their needs and are used to dealing with all parties involved. We create appraisal reports that meet the requirements of the courts and various agencies. As an attorney representing a client in a divorce, your case's material facts frequently necessitates an appraisal to ascertain fair market value for the residential real estate involved. Many times the divorce date can be different from the date you purchased the appraisal. We're comfortable with the methods and the effort requisite to do a retroactive appraisal that has an effective date and Fair Market Value estimate corresponding to the date of divorce. For each divorce appraisal we are hired to do we keep in mind that they require prudence with total professionalism. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which dictates confidentiality, ensuring the utmost discretion. |