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Understanding property valuations during divorce

When you are dividing assets during a divorce, it can be very difficult to come to a complete agreement on how assets should be valued. There is likely to be a great deal of assets of sentimental value in the mix; therefore, it can be difficult as a divorcing couple to be objective on these issues.

Using mediation to complete asset division

One of the most difficult aspects about divorce is often the fact that two people who used to be close no longer see eye-to-eye. Statistics show that in 75 to 90 percent of all divorces, one person initiated the divorce while the other spouse wanted to remain married. This, of course, creates a very hostile and unhappy environment from which to start the process of dividing assets.

Dealing with conflicts during a divorce settlement

The fact that you are going through a divorce with your spouse is a good reason to suggest that you are not currently on the best of terms. Therefore, working together to achieve something, such as the successful division of assets, is not going to be easy. There will likely be conflicts and things might get heated. However, the important thing is to keep your cool and keep in mind what you want to achieve in the process. The following are some tips for successfully going through asset division, without being taken for a fool.

How are intangible assets valued?

Many aspects of a brand or a company are intangible. When selling your business due to property division as a consequence of divorce, it is vital that you understand the true value of your assets. It is often these intangible aspects that are the most valuable and important assets within a company. It could be the good reputation that took years to build, or customer databases that form the foundations of your marketing strategy. But how are they valued?

Splitting up as an unmarried couple

Break-ups are always difficult, whether you parted amicably or not. If you have been living together but not married, the practical aspects can be especially hard. When married couples split, they can go through the divorce process and have a legal reference for the division of assets. But for unmarried couples, things are a little less clear-cut. It's important to make sure that your ex doesn't take advantage of you or the situation when dividing assets.

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