Splitting up assets?
We realize that divorce is a painful process. There are many choices to worry about, including what's going to happen to the home. There are generally two choices regarding real estate - 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 would find it in their best interest to commission an appraisal of the common real estate.
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-supported, authoritative report that is defensible during a trial. Mannion Appraisals pledges to give you the very best in service with professional courtesy and well-supported conclusions. Taking into account the particular challenges of a divorce situation is frequent territory for us.
IL attorneys as well as accountants depend on our analysis when calculating real property values for estates, divorces, or other disputes depending on a value opinion. We have an abundance of expertise dealing with all the parties involved and are standing by to assist your needs. We provide appraisal documents that meet the requirements of the courts and various agencies.
For attorneys representing a client in a divorce, your case's research regularly necessitates an appraisal to ascertain fair market value for the residential real estate involved. Often the divorce date can be different from the date you requested the appraisal. We're experienced with the processes and the effort fundamental to develop a retroactive appraisal that has an effective date and Fair Market Value estimate that matches the date of divorce. For each divorce appraisal we are hired to do we understand that they need to be handled with the utmost care. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which means the highest amount of confidentiality, resulting in the utmost discretion.