Assigning Value to Property During a Divorce
The process of divorce can be very difficult and emotionally-charged for both parties involved. Because divorce proceedings often require the division of shared property, arguments and disagreements over who has rightful ownership of certain types of personal property can be difficult to resolve.
In many cases, people will be required to assign value to shared property, even if it is difficult to determine what the actual cash value of the item is. It is wise to have an experienced divorce attorney on your side to help explain your options and fight for what is rightfully yours. For more information on shared property and divorce proceedings, contact a Houston divorce attorney of Garg & Associates at 281-210-0010.
Common Methods of Assigning Value
When dividing property, people may choose to:
- Determine what property can be divided without argument
- Identify disputed items
- Assign a dollar-value to disputed items
- Determine whether to use “assumed value” or “replacement value”
- Divide items based on value
Dividing shared property can be a difficult process, but it is often essential to the divorce process. An experienced attorney can advise you of your legal options and may be able to assist with the negotiation process.
Contact Us
At Garg & Associates, we understand that going through a divorce can feel overwhelming. We are here to provide compassionate legal representation for you in your time of need. Contact a Houston divorce lawyer of Garg & Associates at 281-210-0010 for help with your case.
