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Barbara L. Jouette, Attorney, P.C.
888-268-7997 / 214-385-4562

For a fair settlement, you need an accurate valuation of property

Unfortunately, sometimes a marriage does not work out and filing for divorce is the best course of action. But for couples who have been together for a while and have accrued shared assets, filing for divorce is the first step of what can be a complicated process.

If you are just beginning the divorce process, you will likely have many issues to resolve prior to signing a final decree. Of course, if you and your soon-to-be ex-spouse have children, there are matters of child support and child custody to iron out. And almost all divorcing couples will have to come to an agreement regarding the division of property.

Since the goal of property division is to make sure that each party receives his or her fair share of the community property that is at stake, it is critical to get an accurate assessment of that property's worth. This is done via a process called "valuation," through which every significant asset you and your ex own, be it a car, couch, house or 401(k), is assigned a monetary value.

The complexity of the valuation process is contingent upon a couple of things. First, there is the amount of assets being divided; the more property you have, the longer it will take to get a full inventory. And the second factor is determining an accurate dollar value for each asset. While a bank account can be valued at its balance, other items are not so easily accounted for.

At the law office of Barbara L. Jouette, Attorney, P.C., we are prepared to help you get your fair share of a property settlement. We have extensive experience conducting valuations and will work meticulously when inventorying your household's assets. For more information about the many family law services we provide, please look over the pages on this website.

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