One of the most contentious issues during a divorce or legal separation is the division of assets and debts. When dividing property, the parties must place a value on the property prior to its division. The “value” of an asset is the highest price on the date of valuation at which a seller would agree to sell and where a ready, willing, and able buyer would buy.
Several specific assets have a particular valuation method that attorneys, experts and courts use to value property. Our office has found that the following are some of the most common assets subject to division: