Dividing marital assets?
Divorce settlements involve many decisions, including "Who gets the house". There are generally two choices when discussing the house - 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 get an appraisal of the mutual real estate.
Contact us Mannion Appraisals is at your service if you need an appraisal related to a divorce or other allocation of assets.
An appraisal for the purpose of assent division should include a well-supported, expert value conclusion that can be supported in court. When you order an appraisal from Mannion Appraisals, you are assured the best in service with courtesy and top notch analysis. We also know how to handle the sensitive needs of a divorce situation.
Attorneys in IL and accountants depend on our opinions when determining what the real property is worth for estates, divorces, or other disputes depending on a value opinion. We have an abundance of expertise working with everyone involved and are standing by to assist your needs. We submit appraisal documents for courts or various agencies that meet or exceed their requirements.
For attorneys working with a divorce, your case's evidence typically requires an appraisal to determine fair market value for the residential real estate involved. Many times the divorce date differs from the date you ordered the appraisal. We're experienced with the processes and what it means to do a retroactive appraisal with an effective date and Fair Market Value conclusion matching the date of divorce. For each divorce appraisal we perform we keep in mind that they need to be handled delicately. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) means the highest amount of confidentiality, ensuring the utmost discretion.