Valuating marital property
When all marital property has been identified with your Greensboro divorce lawyer, the final step is to assign each item a monetary value. This is done with what is called a valuation date. The valuation date, according to Forbes, is usually the date of your official separation but a judge may choose a different one. An independent evaluator then takes that date and determines how much each item was worth on that specific date.
The valuation date may be an advantage or disadvantage as the marital property could decrease or increase in value after the date. However, you will not be able to claim the increase of value as part of your settlement.
Property division can be an extremely complicated and lengthy process. Therefore, it is important to meet with an experienced and qualified Greensboro divorce attorney for guidance.