Dividing marital assets?We understand that divorce is a painful process. There are many decisions that have to be settled, including the status of the shared residence. There are generally two choices when it comes to the shared residence - it can be put up for sale and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties would be wise to get an appraisal of the residence.
When the intended use of an appraisal is the division of assets, it must have a well-supported, professional appraisal document that can be supported to a judge. When you order an appraisal from Citywide Services Chicago Real Estate Appraisers, you are assured the best in service with professional courtesy and well-supported conclusions. We also know how to provide for the delicate needs of a divorce situation.
Illinois attorneys and accountants rely on our values when ascertaining real property values for estates, divorces, or other disputes requiring a value opinion. We have a lot of expertise working with everyone involved and can readily handle your needs. We provide appraisal documents that fulfill the requirements of the courts and various agencies.
For attorneys handling a divorce, your case's research often requires an appraisal to establish market value for the residential real estate involved. A great deal of the time the divorce date may not be the same as the date you purchased the appraisal. We are familiar with the processes and what is elementary to complete a retrospective appraisal that has an effective date and Market Value estimate corresponding to the date of divorce. For each divorce appraisal we perform, we remain mindful of the fact that they need to be handled prudently. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which binds us with confidentiality, resulting in the utmost discretion.