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.
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
Call (917) 877-5217
Connect with Katherine Miller
Call (914) 738-7765