Dividing marital assets?Divorce settlements involve many decisions, including who keeps the house. There are generally two options regarding 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 should commission an appraisal of the mutual real estate.
An appraisal for divorce purposes requires a well-supported, professional appraisal document that is defensible during a trial. Jordan-Appraisal pledges to give you an exceptional level of service with courtesy and well-supported conclusions. We understand how to care for the delicate needs of a divorce situation.
Illinois attorneys as well as accountants rely on our values when determining real property values for estates, divorces, or other disputes where it is material. We understand their needs and are accustomed to dealing with all parties involved. We provide appraisal reports that fulfill the requirements of the courts and various agencies.
For lawyers dealing with a divorce, your case's material facts customarily require an appraisal to establish market value for the residential real estate involved. A great deal of the time the divorce date can be different from the date you requested the appraisal. We're versed in the processes and what it means to perform a retrospective appraisal with an effective date and Market Value estimate matching the date of divorce. For each divorce appraisal we are hired to do, we remain cognizant of the fact that they need to be handled prudently. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) compels us to keep the highest degree of confidentiality, guaranteeing you the utmost discretion.