Valuation for the purpose of property division in divorce proceedings

Valuation for division of estate in case of a divorce

Your buying home is an important part of your existence. Not only do you live there, but you have memories there. It is a part of your life and because of this, an important part of divorce. At the same time, a purchased home is also just another thing that is worth money. And so its value must be divided when you divorce. A valuation for the purpose of an estate distribution often involves the use of one jointly appointed valuer when the relations are reasonable or a so-called amicable valuation in the event that the relations are poor.

Assignment in this case is valuation of the free sale value to arrive at an amount of buyout or redemption acceptable to all parties. Jussen Taxaties will take the personal circumstances of the clients into account as little as possible in order to subsequently arrive at the most objective possible valuation.

After the appraisal, an valuation report is prepared. This contains an accurate estimate of the value of the house. This is called the free-sale value. The free-sale value is the value in the ordinary course of business when the property is not rented and is delivered empty (“free of rent and use”). The free sale value is also known as the private sale value. Based on this, a sales amount can then be determined with which buy-in or buy-out is possible or with which you can put the house up for sale.