When it comes to divorce, almost all property is fair game. However, spouses can’t hope to get their fair shares if they don’t know the value of assets.
It makes no sense to “guess” at the value of that vase, this piece of art, the house, or especially a business. It is rare that there isn’t someone that can give an honest appraisal of anything. It is much easier to get this done while not in litigation with your ex, if at all possible. Perhaps its time to re-evaluate property insurance?
Doing your homework now is the best way to come out ahead down the line.
As always, every situation is unique. This series is intended to “start the thinking process” to take emotive choices out of a hard situation. Everyone’s situation is different, and this is not intended as legal advice. Please, speak to a divorce attorney prior to making any decisions, especially decisions based on a simple blog post. There are many mitigating factors that will go into the final divorce decree.