Attorney Shannon M. Tenney

Appraisals In Divorce In Wisconsin
A lot of things may be disagreed by the parties during the pendency of their divorce
case. One of the common issues that the divorcing couple has to deal with during
divorce is the valuation of their assets. Most of the time, they will have certain
disagreements on what value to put in their properties, businesses and other assets.
It will be difficult on their part especially that as much as possible, they want to get
bigger shares from their conjugal properties. In the state of Wisconsin, a remedy is
available to both parties wherein they are given an option to hire the services of a
professional appraiser.

Why Is There A Need For An Appraiser?
When it comes to judicial proceedings, the judge put a high premium on testimonies
and documents given by an expert. The court does not consider the valuation given
by the parties as a reliable source. Therefore, the assistance of a credible and
efficient appraiser might come in handy. Both parties may mutually agree to hire the
services of a professional appraiser or they may ask the judge to appoint one for
them. It must be noted that the parties will handle the costs for the process of
appraisal.

How Is Appraisal Done?
The parties will submit a list of all the real and personal properties they have
acquired during the subsistence of their marriage. Then, the appraiser will check
each property and put a value on it based on the fair market value, costs of
improvements and other costs that may have a great effect on the valuation. When
the appraisal is completed, all the documents will be forwarded to the court. These
documents must be duly signed and acknowledged by the appraiser. As an effect,
the judge can now use the value given as basis for its resolutions or orders.

Do You Need A Lawyer During Appraisal?
The assistance of your legal counsel is needed for the entire process of divorce. Even
when it is only in appraisal, it is still important that you have a constant
communication with your attorney. This is to ensure that all legal processes are
complied with in the hiring of an appraisal. At the same time, it also guarantees the
protection of your rights. If there are certain problems arising from errors in
appraisals, you can always ask your lawyer what are the respective remedies that
you can avail based on the state law of Wisconsin.

For legal advice, contact me today!

Attorney Shannon M. Tenney
N56 W13405 Silver Spring Dr
Menomonee Falls, WI 53051
(262) 444-5955
http://attorneyshannonmtenney.com

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