Tuesday, March 31, 2015

The Issues In Matrimonial Appraisals

By Iva Cannon


The moment the couple feels that they no longer have a reason to stay together because of their many differences with only a daily argument and a lot of shouting as the means to communicate, they have to decide to have a divorce. That is, if there is no other way, not even a marriage counsel that can help them fix their marriage. This is however, only possible in countries like the US where divorce is legalized.

When the time comes, they will need a lawyer to fix at least their marital disputes regarding the properties they own like real estate and some jewels and other expensive possessions like cars. Matrimonial appraisals New York, NY are the best solutions to this problem with the help of attorneys, the court, and appraisers. Hence, they need to be very knowledgeable in this field.

Conjugal appraisals is one of the most misinterpreted areas of valuation for lawyers, the courts, and the appraiser. Normally through the process, the attorney will find a Fair Market Value of FMV. With this, there has to be an appropriate valuation. Otherwise, the lawyer may get sued by the clients.

The process usually proceeds with the attorney finding the FMV or Fair Market Value of each of the properties and possessions that the couple is planning to sell. FMV is basically the item price that the couple is willing to sell to an interested buyer without the compulsion of each of the parties to do so.

Matrimonial disputes are really complicated and if the wife or the husband decides to sell some of their properties, both of them have to agree on it. Hence, it is also complicated to put value on the items. But the easier way is to ask the couple for the original price which the item was bought and from there, it can be decided what value or price it will be sold to the willing buyer.

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.

This is a more recommended process because MCV is proven less complicated than FMV. In addition, those who are really knowledgeable in MCVs will make an effort to have a sort of mini auction. The appraiser himself will be looking for the dealers and buyers to get an exact cash offer.

The so called mini auction will be done in a month. By then, there must be a definite buyer of the possessions being sold. Getting the best cash offers will satisfy the clients and will shorten the matrimonial disputes. Also, it is the role of the appraiser to obtain the net value of all the properties.

There are so many things to consider and to do after a heartbreak and all the emotional roller coasters after a failed marriage. The couple needs to consider the welfare of the children if they have any and the things that they own. Hence, if the marriage can still be worked out, there is a need to be lessen that pride for the sake of saving the marital vows.




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