Aaron Carnine Family Law Attorney

Divorce, Parenting, Property, Adoption, Guardianship

PERSONAL PROPERTY VALUE and DIVISION

PERSONAL PROPERTY VALUE and DIVISION

If the parties have acquired significant amounts of personal property through the marriage and are unable to agree on an equitable division or values, an appraisal for personal property may be necessary. The values of personal property is not the original cost or even retail value but, what I consider “garage sale” value. What was paid for the item has no relevance to its current value as a divisible marital asset. Considering that, make sure that the values of the personal property outweigh the time and fees that will be incurred in arriving at these final values.

 

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