Charles Rosoff

Personal Property Appraisal in Divorce

Equitable distribution of property is the goal in a divorce. But how, exactly, does the appraisal process work? How do appraisers determine the value of a divorcing couple’s assets and help them avoid disputes around property distribution?

Charles Rosoff is President of Appraisal Services Associates, a firm that provides forensic valuations of fine art, antiques, decorative arts as well as residential and office contents. He is an American Society of Appraisers Accredited Senior Appraiser and Member of the Royal Institute of Chartered Surveyors. Charles has more 35 years of experience, and he serves as editor of the annual supplements to the legal textbooks Valuation Strategies in Divorce and Valuing Specific Assets in Divorce.

On this episode of Divorce Dialogues, Charles joins Katherine to explain how appraisers value personal property to help divorcing couples achieve equitable distribution. He describes how to avoid ownership disputes and authenticity issues in a matrimonial action, discussing how to conduct an inventory of your personal property and why appraisers assign items a cash value. Listen in for Charles’ insight around the five most common myths of value and learn the valuation strategies you can use to maximize income from the sale of personal property in a divorce.

Topics Covered

How appraisers value fine arts, antiques, decorative arts and collectibles

Why it’s important for divorcing couples to hire an accredited appraiser

How to conduct an inventory of personal property for an appraiser

How liquidity impacts the equitable distribution of property in divorce

How to avoid ownership disputes and authenticity issues in a matrimonial action

Why it’s crucial to provide an appraiser with all available documentation

The significant differences between market value and fair market value

How assigning assets a cash value allows us to compare personal property

Charles’ insight around the five most common myths of value

The valuation strategies you can use to maximize income from property

Connect with Charles Rosoff

Appraisal Services Associates

Call (917) 877-5217

Connect with Katherine Miller

The Center for Understanding Conflict

Miller Law Group

Katherine on LinkedIn

The New Yorker’s Guide to Collaborative Divorce by Katherine Miller

Email katherine@miller-law.com

Call (914) 738-7765

Resources

Macklowe v. Macklowe

Valuation Strategies in Divorce by Robert D. Feder, Charles T. Rosoff and Aleza Tadri

Valuing Specific Assets in Divorce by Robert D. Feder, Charles T. Rosoff and Aleza Tadri

The post Personal Property Appraisal in Divorce With Charles Rosoff appeared first on Divorce Dialogues.

 Lili Vasileff

How to Avoid Big Mistakes That Are Made During High Net Worth Divorces

Just because someone may have a high net worth, doesn’t always mean they are good with their money or have ‘enough’ to feasibly survive on, in the grand scheme of things. Their expenses, assets, investments, or lack thereof, and whether or not they are really going to be able to support their lifestyle over the term of the owner’s life, all need to be taken into consideration. It’s not just the question of money. It’s everything that surrounds the money questions. So, for anyone with a high net worth who is going into a divorce, what do we need to know to allow a peace of mind over all the critical and unique financial decisions involved?

Lili Vasileff is the president of Wealth Protection Management, a firm that is nationally recognized in providing financial expert planning to protect peoples’ wealth during a divorce. She is also the President of Emeritus of the Board of Directors of the national Association of Divorce Financial Planners and is a fee only Certified Financial Planner™ professional, a Certified Divorce Financial Analyst®, and a Master Analyst in Financial Forensics™ (MAFF) with specialty in Matrimonial Litigation. Lili Vasileff is recognized as a Wealth Protection Expert that works with clients and professionals before, during, and after divorce across the country. One of the specialties she has is working in high networth divorces that have such unique case factors that impact every negotiation.

On this episode of Divorce Dialogues, Lili joins Katherine to discuss some of the biggest mistakes made during high networth divorces and how to overall improve family relationships in the process, while also preserving wealth. She describes some main factors to be aware of when dealing with a high net worth divorce, such as the anchor assets in marital mistakes, money syndrome, considering smart investments, the importance in finding a reliable financial advisor, tax strategies, etc. Listen in for Lili’s tips on how to best navigate a high net worth divorce and the top factors that should not be overlooked.

Topics Covered 

What all needs to be considered with a high net worth couple

How important it is for money to be properly managed, to have the lifestyle you’re looking for 

What often can happen when people suddenly come into large sums of money

Lili’s view on the lack of financial literacy being one of the main issues in handling money in a divorce

The importance of finding a certified and trustworthy financial advisor

Lili’s roadmap that she always provides her clients 

How to carefully weigh the factors of a house being both a financial asset and an emotional asset

The complications behind a couple that has lived on primarily one person’s inherited assets

How a business is factored into a divorce

The importance of having a business evaluation 

The main anchor assets in marital mistakes

Lili’s insight on what else to be aware of in high net worth divorces

Connect with Lili Vasileff 

Wealth Protection Management 

Wealth Protection Management on Facebook 

Wealth Protection Management on Youtube

Lili Vasileff On Twitter

Lili Vasileff On Instagram 

Lili Vasileff on LinkedIn

Email lili@WealthProtectionManagement.com

Call (203) 393-7200

Connect with Katherine Miller

The Center for Understanding Conflict

Miller Law Group

Katherine on LinkedIn

The New Yorker’s Guide to Collaborative Divorce by Katherine Miller

Email katherine@miller-law.com

Call (914) 738-7765

Resources 

Certified Financial Planner Standards Board (FPSB)

The post How to Avoid Big Mistakes That Are Made During High Net Worth Divorces With Lili Vasileff appeared first on Divorce Dialogues.

Lou Rodriguez 

Expert Advice on Selling Your Home During Divorce

Selling your home is a complex process in and of itself. But selling your home because of divorce adds another layer of complexity. How do you make decisions with an ex when you’re already struggling to communicate?

Lou Rodriguez is a professionally trained and certified Real Estate Divorce Specialist and Real Estate Probate Specialist based in South Florida. He has 19 years of experience in valuing homes and analyzing market trends, and in that time, he has closed on more than 700 transactions. Lou is also the author of For Sale by Divorce: The Expert’s Guide to Divorce and Property Division and Selling Your Home During Divorce: How Everyone Can Win.

On this episode of Divorce Dialogues, Lou joins Katherine to discuss the role a real estate divorce specialist plays in helping couples sell a marital property. He explains why it’s important NOT to disclose that a couple is divorcing, how he handles the situation when the couple is not getting along, and what he does when they disagree on how much to invest in fixing up a property. Listen in for Lou’s insight on what to do if one or both parties is reluctant to sell their home and learn how a real estate divorce specialist makes it easier for a divorcing couple to liquidate their marital property—so everyone wins!

Topics Covered

The role of a real estate divorce specialist in helping couples sell a marital property

Why it’s important NOT to disclose that a couple is divorcing as they sell their home

How Lou handles the situation when a divorcing couple is not getting along

The benefit of meeting with both spouses together to establish expectations

What Lou does when a couple disagrees on how much to invest in fixing up a property

Lou’s ability to assess what needs to be done to get the best price for a house

Making maintenance part of the MSA when one party is staying in the home

The questions Lou asks a divorcing couple upon first meeting

1. Have you told your family and friends about the divorce?
2. Have you discussed what’s happening with your kids?

Why it’s crucial for Lou to keep an open line of communication with both spouses

The information Lou provides if a one or both parties is reluctant to sell their home

Lou’s approach to communicating with divorce attorneys and other professionals

How understanding the couple’s timeline helps Lou structure the transaction

Connect with Lou Rodriguez

Lou’s Website

Connect with Katherine Miller

The Center for Understanding Conflict

Miller Law Group

Katherine on LinkedIn

The New Yorker’s Guide to Collaborative Divorce by Katherine Miller

Email katherine@miller-law.com

Call (914) 738-7765

Resources

For Sale by Divorce: The Expert’s Guide to Divorce and Property Division by Lou Rodriguez

Selling Your Home During Divorce: How Everyone Can Win by Lou Rodriguez

Carol Ann Wilson & Gregg Greenstein

The post Expert Advice on Selling Your Home During Divorce with Lou Rodriguez appeared first on Divorce Dialogues.

Michelle Smith

The Nuances of a High Net Worth Divorce

A divorce is a divorce is a divorce. And yet, there is a different layer of complication when divorce involves high net worth individuals. Whether the wealth came from an inheritance or wages earned during the marriage, there is a strong emotional charge involved as the divorcing couple sorts out who is entitled to what.

Michelle Smith is one of the most sought-after divorce financial specialists in the country. As the founder and CEO of Smith FSG, she is dedicated to providing clients with guidance and expertise as they determine the best path forward through the divorce process. Michelle has 25-plus years of experience in the field, and she is a Certified Divorce Financial Analyst and Divorce Mediator. Michelle is a regular contributor to national media and coauthor of Divorce & Your Finances.

Today, Michelle joins Katherine to discuss what constitutes a high net worth divorce and the layers of complication involved. She speaks to the nuances of a divorce involving generational wealth versus wealth earned during the marriage, explaining how the source of the money influences the triggers that come up. Michelle also offers insight on the importance of setting ground rules for financial transparency early in the process to avoid delays as well as significant additional costs. Listen in as Michelle explores the challenge around appreciating each other’s contribution to the marriage and the necessity of putting your children’s needs first—regardless of the financial circumstances.

Topics Covered

The layers of complication in high net worth divorce

Why Michelle looks to the source of wealth for triggers

Generational wealth vs. wealth earned during marriage

The need to avoid huge disparity between households

Why it matters if you’re past prime wage-earning years

The challenge of appreciating each other’s contribution

What all divorces have in common regardless of means

Why you owe it to your children to put their needs first

The need to set ground rules for financial transparency

The human instinct to protect money you earned

The added complexity when the breadwinner is female

Why Michelle is called to fix the broken model of divorce

Connect with Michelle Smith

Smith FSG

Email msmith@smithfsg.com

Connect with Katherine Miller

The Center for Understanding Conflict

Miller Law Group

Katherine on LinkedIn

The New Yorker’s Guide to Collaborative Divorce by Katherine Miller

Email katherine@miller-law.com

Call (914) 738-7765

The post The Nuances of a High Net Worth Divorce with Michelle Smith appeared first on Divorce Dialogues.

Anthony Sibio

Selling Your Home in the Divorce Process

The divorce process initiates a time of radical change and transformation, and one major part of that change involves a potential change of address. As you and your ex-partner separate your assets, it may be necessary to sell the home you shared and make arrangements for a new place to live.

Anthony Sibio is a licensed broker with Coldwell Banker Real Estate. Anthony has served the Pleasantville area for 15 years, and he sees his role as that of a trusted advisor tasked with helping each client achieve their particular goals. Anthony is a graduate of Iona College in New Rochelle, where he earned a BBA in marketing.

Today, Anthony joins Katherine to explain how he handles a sale when the circumstances involve divorce. He discusses the seller’s tendency to overestimate the value of their home and walks us through his approach to comparative market analysis. Anthony speaks to the necessity of having a plan in place should your home sell quickly as well as the feasibility of keeping your children in the same school district. Listen in for Anthony’s insight on choosing the right broker, staging your home, and creating curb appeal.

Topics Covered

Why a real estate broker should remain neutral in cases of divorce

The broker’s responsibility to communicate with both parties

The seller’s tendency to overestimate their home’s value

How Anthony carries out a comparative market analysis

• Walk through home, take notes
• Research nearby sales in last six months

Anthony’s tips around staging your home to look spacious and tidy

The benefits of pricing your home at fair market value

How to garner the best possible price despite difficult circumstances

How Anthony reasons with sellers who are overpricing their homes

• Provide range based on data
• Bank refuses mortgage if not fair market value

Anthony’s take on the value of curb appeal

How to choose a good broker if you’re going through a divorce

The necessity of having a plan in place should your home sell quickly

The best times of year to put your home on the market

The feasibility of keeping your kids in the same school district

Why Anthony recommends the option to buy out the other party

How a broker’s consult differs from an appraiser’s analysis of fair market value

Connect with Anthony Sibio

Phone 914-319-2970

Email asib44@aol.com

Connect with Katherine Miller

The Center for Understanding Conflict
Miller Law Group
Katherine on LinkedIn

The post Selling Your Home in the Divorce Process with Anthony Sibio appeared first on Divorce Dialogues.