DIVORCE APPRAISALS IN CALIFORNIA
Experiencing a divorce is one of the most painful and tumultuous events a couple can go through. Besides child custody, one of the most contentious issues is often the division of the matrimonial home. How do you untangle the intertwined life you shared? While splitting the furniture is one thing, dividing your largest investment – real estate – is another matter entirely.
OPTIONS FOR DIVIDING MARITAL PROPERTY
When it comes to dividing the marital property, there are generally two options:
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Sell the property and divide the proceeds according to the division of assets.
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or have one spouse buy out the other.
In either case, a divorce appraisal is crucial to establish the fair market value of the property.
PROFESSIONAL TRUST APPRAISALS BY KO APPRAISAL
KO Appraisal specializes in real estate appraisals for estate planning trusts, offering precise evaluations of fair market values for homes and properties. Our expertise is trusted by attorneys, CPAs, executors, and grantors across California for our accurate and detailed value assessments. Trust and estate appraisals must adhere to the following legal standards:
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Compliance with State of California laws
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Adherence to IRS standards
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Conformity with United States Treasury Department standards
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Compliance with USPAP (Uniform Standards of Professional Appraisal Practice), which have been mandatory since July 30, 2018. USPAP's ethics provisions ensure confidentiality and discretion.
THE IMPORTANCE OF A PROFESSIONAL DIVORCE APPRAISAL
In such a significant matter, an appraisal based on speculation is insufficient. You need a well-supported, justifiable appraisal that meets Federal, California, IRS, and Treasury standards and can hold up in court. This is where an experienced real estate appraiser in California, like KO Appraisal, comes in.
Our team has a proven track record in divorce and home appraisals.
KO Appraisal is skilled in handling divorce appraisals where the date of divorce differs from the date the report was ordered or the inspection date. This type of appraisal, known as a retrospective appraisal, requires the effective date to align with the marriage date or another significant past date. We handle these situations expertly, diligently, and with the necessary objectivity and compassion.
EXPERT DIVORCE APPRAISALS BY KO APPRAISAL
With many years of service, we have completed numerous real estate appraisals throughout California. We are intimately familiar with the entire appraisal process. We are committed to maintaining the objectivity, confidentiality, and integrity required for these appraisals, strictly adhering to the Uniform Standards of Professional Appraisal Practice (USPAP). If you need a divorce appraisal or any other appraisal for dividing property assets in California, please contact us for more information.
CONTACT OUR TEAM
For more information about our appraisal services, please contact us or call us at 760-685-8036. We are committed to helping you navigate the appraisal process with ease and accuracy.
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