How do you value items in a divorce?
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How do you value items in a divorce?
How to Determine the Value of Possessions in a DivorceDiscuss Your Desires With Your Spouse. Get a Real Estate Appraisal. Calculate Assets of Significant Value. Check Kelley Blue Book for Vehicle Values. Add Up Bank Accounts and Financial Assets. Evaluate a Business.
What is considered an asset in a divorce?
The pool will usually include things such as the matrimonial home, any investment properties, savings accounts, motor vehicles, shares and all other items of value, such as superannuation.
Is jewelry a marital asset?
Jewelry as Marital or Community Property Community property is the joint ownership of items acquired during a marriage. If you live in a separate property state, certain jewelry assets like gifts between spouses can still be considered marital property and therefore subject to division.
What is marital and non marital property?
Marital, or community property, is defined as assets and debt newly acquired during the marriage, either jointly or by one party, other than by a gift or inheritance to one spouse. Nonmarital, or separate property, are the assets and debts owned prior to the marriage that remain unchanged.
