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How can you determine your equal share of personal property?

You and your spouse may have already come to an agreement about how you want to divide the family home in your Texas divorce. What about the items in the home, though. If you have antiques, artwork and collections of value, these may change the way the judge determines an equal division of your marital property.

According to the Journal of the American Academy of Matrimonial Lawyers, any couple with valuable personal items should consider the benefits of hiring a professional appraiser. Before you make this decision, you should conduct a thorough inventory of all your personal property, including descriptions and photos of each item. If you are not sure whether an item is worth the cost of the service, you may be able to come up with a general idea of its value online before proceeding. 

If you and your spouse have had difficulty agreeing on anything and you fear that litigation is inevitable, you may want to seek out an appraiser who will agree to be an expert witness for your case in court. Other ways to boost the credibility of the appraisal you provide include the following:

  • Ensure that the appraiser uses the Uniform Standards of Professional Appraisal Practice
  • Choose a professional who has been certified by a professional organization such as the International Society of Appraisers
  • Check for conflicts of interest or other areas that might bias the final report
  • Find out what system of valuation the appraiser will use

This information is educational in nature. It should not be interpreted as legal advice.

 

 

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Fabio+Merrill Attorneys At Law

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