Do I need an appraisal for a divorce property division?

Often it helps a great deal. When couples divide household contents, art, jewelry, collections or vehicles, a neutral written appraisal gives both sides and their attorneys a common basis for discussion. It can prevent one person from overvaluing or undervaluing items to gain an advantage.

Divorce appraisals are usually done at fair market value, though the attorneys or court may specify the value definition and effective date. Some couples hire one appraiser jointly, while in contested cases each side may hire its own.

Because divorce rules differ by state and court, ask your attorney what kind of report is needed before you hire anyone. The appraiser should know the report may be reviewed in a legal setting and should be willing to explain their findings if necessary.