Dividing assets?We realize that divorce is a painful process. There are many issues looming, including what to do with the house. There are generally two choices when discussing the shared residence - it can be put on the market and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties should get an appraisal of the residence. Contact us Thompson Appraisal can help if you need an appraisal related to a divorce or other division of assets. A divorce appraisal should include a well-established, professional report that will hold up in court. When you order an appraisal from Thompson Appraisal, you are assured the best in service with professional courtesy and the highest quality appraisal. Taking into account the sensitive conditions of a divorce situation is not a problem for us. IL attorneys as well as accountants rely on our appraisals when determining what the real property is worth for estates, divorces, or other disputes where it is in question. We have an abundance of expertise dealing with all the parties involved and We understand their needs and are used to dealing with all parties involved. We submit appraisal reports that fulfill the requirements of the courts and various agencies. As a legal professional working with a divorce, your case's evidence often needs an appraisal to establish fair market value for the residential real estate involved. A lot of the time the divorce date can be different from the date you requested the appraisal. We're versed in the methods and what is elementary to complete a retroactive appraisal that has an effective date and Fair Market Value opinion that matches the date of divorce. We perform a reasonable number of divorce appraisals and we understand that they need to be handled with total professionalism. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which means the highest amount of confidentiality, guaranteeing you the utmost discretion. |