Asset valuation can encompass something as simple as a household item or as complex as a business. Valuing these assets requires experience and knowledge outside the general scope of family law. At Mark Rush Williamson, PC in Dallas, Texas, we are knowledgeable about asset valuation, finance, and accounting issues, and this knowledge can save both time and money in your divorce proceeding.
Because of our asset valuation experience, we can assist with placing a fair value on the marital home. If, as part of a divorce settlement, one spouse chooses to stay in the marital home, he or she will likely have to give up assets equal to half of the value of the home to the other spouse. If neither spouse wants to stay in the marital home, the house can be sold and each spouse will receive a portion of the proceeds.
Whether owned by one or both spouses, placing a value on a business in dividing marital property often involves the use of outside experts and resources. That type of asset is complex and the value cannot be easily or quickly determined. There are too many intangibles involved. Those subjective elements are fodder for dispute between the spouses. The educated and experienced asset valuation attorneys at our firm have the skills to accurately value a business and communicate that information with confidence to clients.
For more information, or to schedule an appointment regarding asset valuation or property asset division with an experienced attorney, please contact us.