Divorce and real estate disputes involve many valuation decisions, including "Who gets the real property and what is the Value"? In a divorce there are generally two options regarding disposition of real property - it can be sold and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties should order an appraisal of the real estate by a qualified appraiser.
Preparing an appraisal in a dissolution of marriage for settlement requires a real estate valuation expert that can support a defensible value opinion in court. Just like choosing a doctor, attorney at law, accountant, CPA, or estate planning professional it is wise to review the resume and qualifications of the appraiser when the estate involves residential, industrial or commercial real property.
It is strongly recommended by most professionals that before any real estate settlement agreement is finalized, the parties seek consultation with a tax attorney or tax professional to review the real estate tax consequences in a California dissolution of marriage.
If you are divorced or separated from your spouse and have California real estate, it is important to obtain a defensible appraisal report that is acceptable to both the courts and the IRS from a qualified appraiser that can also be used by your attorney in a settlement proceeding, mediation, or arbitration matter. In both of these instances, selection of a qualified expert appraiser is very important.