Dividing assets?Divorce settlements involve many decisions, including who gets the house. There are generally two options when it comes to the shared residence - it can be sold and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties would be wise to order an appraisal of the residence.
When the purpose of an appraisal is the division of assets, it must have a well-established, professional value conclusion that will hold up during a trial. Mary Kay Moloney pledges to give you the very best in service with professional courtesy and well-supported conclusions. Handling the sensitive challenges of a divorce situation is not a problem for us.
Illinois attorneys as well as accountants depend on our opinions when calculating real property values for estates, divorces, or other disputes where it is crucial. We understand their needs and are used to dealing with all parties involved. We provide appraisal reports that meet the requirements of the courts and various agencies.
As an attorney dealing with a divorce, your case's material facts customarily require an appraisal to determine market value for the residential real estate involved. A lot of the time the divorce date can be different from the date you requested the appraisal. We're accustomed to the methods and what is essential to complete a retrospective appraisal with an effective date and Market Value estimate corresponding to the date of divorce. We work on a reasonable number of 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) binds us with confidentiality, ensuring the utmost discretion.