Property valuation issues frequently arise in a divorce. Although some property is easily valued, such as stocks and bonds, other property is much more difficult to value. This is especially true of unique property, where there is no intent to sell at the time of the divorce, where there is niche market, or where property valuations are volatile.
People typically have different opinions on the value of certain property, and in many cases, it is difficult to put a monetary value on the property. For example, how do you value a professional business that relies solely on the efforts of one spouse? The same is true of a closed corporation or partnership.
Some examples of property that may be difficult to value include:
- Stock options
- Real estate
- Art and other collectibles
- Insurance policies
- Business interests
- Pension and retirement plans
- Pets
Moreover, the same holds true with debts. In today’s real estate market, some homes may be worth less than the amount owed, which is referred to as “negative equity.” If the family home is to be given to one party or the other, the negative equity should be factored into the division of property.
Retaining an attorney who understands property valuation issues, and has the network of experts and professionals to assist you with understanding the value of property where there is a valuation dispute, can help in ensuring your interests are protected to the greatest extent possible.
Moreover, even with property valuation disputes, a collaborative divorce may be in your best interest. An experienced family law attorney can help you understand your options and advise you on the best manner to proceed based on your particular set of circumstances.
At Joanne E. Kleiner & Associates, Ms. Kleiner is a family law attorney and divorce lawyer who brings more than 25 years experience in family law and divorce to the table, including experience with possession issues involving a family pet. She is uniquely qualified to help you understand your options, properly advise you and help you achieve your goals. To discuss your divorce or family law matter in confidence with an experienced lawyer, please call Ms. Kleiner at 215-886-1266, or fill out our online intake form.
Joanne E. Kleiner & Associates has extensive experience with all areas of Pennsylvania family and divorce law, including collaborative law and traditional divorce litigation, and we handle cases throughout Montgomery, Bucks and Philadelphia counties, as well as the rest of southeastern Pennsylvania.
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