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Thursday 2 April 2015

How Complicated Matrimonial Appraisals Are

By Iva Cannon


When a husband and a wife no longer treat each other the way they did when they got married. And when they are constantly fighting, they are no longer living a happy life with each other. At some point for some couples, they end up getting separated either temporarily or permanently. This is when they finally decide to have a divorce because nothing seems to work out any longer.

Hence, this is the time for marriage therapists to step aside and for attorneys to take the place. The couple will have to deal with legal counsels in order to settle their matrimonial disputes. Matrimonial appraisals New York, NY have legal professionals that are very knowledgeable in fixing financial and property disputes in divorced couples.

But this process has been proven to be very risky and complicated especially in the part of the attorney because he might get sued if he is not able to appropriately give valuation to such properties. If the knowledge of the attorney is not enough especially in giving the Fair Market Value or FMV of a property, he or she will be questioned.

There are different values and markets to different properties. Real estate is certainly different from jewelries and gems. So when these are sold, they have different bases on pricing. FMV simply means the price of the item which the seller is willing to sell and the buyer is willing to buy without the compulsion to do so.

Marital dispute is a complex issue and there is a need for the couple to agree on their decisions regarding their properties, which is difficult because while they are on this difficult time in their relationship, they also have to think about complicated financial matters. An easy way out for the lawyer is to ask for the original prices of the items being sold.

Another easier way is to have the items auctioned or to hire a broker for it. This way, it will be easier for the appraiser to interested buyers. Also, this will increase the value and the cash offers especially if there are more than two interested buyers. With this, the attorney must be able to identify the MCV or the Marketable Cash Value of the items being auctioned.

The MVC is a more likely procedure than the FMV because it causes less complications and benefits not only the couple but also the appraiser and the attorney. This will enable the parties to determine the perfect price of the possessions being sold to a willing buyer. It is one of the fairest marriage dispute strategies there is.

The divorced couple will get their fairest shares using the MCV. But the appraiser also needs to do a little extra regarding this. He or she needs to do a mini auction. What needs to be done is to get the best dealer and buyer in the process so that the items will reach a maximum value.

There are a lot of complications to deal with after a string of emotional stresses that happened in the divorce process of the couple. At the end of the day, they have broken their promise to each other. But what they need to do now after all their conjugal properties have been sold and settled is to move on with their lives.




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