Phone: 720-259-9528
Toll Free: 888-835-6339

Property Valuations and Divorce: What You Need to Know Explained by a Wheat Ridge Divorce Attorney

coins-currency-investment-insurance-128867.jpegAn important part of any Wheat Ridge, Arvada, and Golden divorce is property division. Outside of issues regarding children, it can be the most contentious matter in a Jefferson County dissolution of marriage. Part of dividing assets is valuing the property. Because of this, it's important to understand the property valuations. While you have sentimental attachments that add value to your items, that doesn't mean that they actually hold the value you think. It can be extremely difficult for both parties to be objective about property valuations because most things will have some sort of personal attachment, blurring your ideas about what is an appropriate valuation.

Disagreements About Property Valuations in an Arvada Divorce: What Can Be Done?

If you and your former spouse are having issues determining the value of your property in order to divide it fairly, you can hire a professional to appraise the value of your Arvada property. An appraiser can value all your property - from the home you reside in to your jewelry and furniture. Having an impartial third party come in and determine valuations can help alleviate some of the conflict and allow parties to come to fair agreements regarding property division. Unfortunately, however, this does not always solve the problems. If conflict regarding property division persists, you may have to find other avenues to solve the problems.

Conflict Regarding Property Division - Next Steps in a Jefferson County Divorce

If, even after valuations have been verified, you and your former spouse are still having trouble coming to a resolution, you may want to enlist the assistance of a mediator to help. A mediator is an impartial third party who is trained in conflict resolution. Both parties have to be willing to compromise in order for a mediation session to be effective. Otherwise, the issue will remain contested and the judge can make the final determination. It's important to know that in Jefferson County and across Colorado, the judge will divide the property in what he or she believes to be fair. This does not mean equal. That's an important aspect to discuss with your Wheat Ridge family law and divorce lawyer because the outcome with the judge may be less favorable to you than a compromise on the front end.

If you are getting a divorce and worried about property valuation and division with your former spouse, contact the best family law attorneys from the Pearman Law Firm at 720-259-9528 or toll free at 888-835-6339 for a free initial phone consultation.

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Pearman Law Firm, P.C.

Pearman Law Firm, P.C.
4195 Wadsworth Boulevard
Wheat Ridge, CO 80033

Toll Free: 888-835-6339
Phone: 720-259-9528
Fax: 303-991-7601
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Phone: 720-259-9528
Toll Free: 888-835-6339