Valuation of Marital Assets
In New Hampshire, the Court is charged to make an equitable division of the parties' marital estate. In order for the Court to make an equitable division, all marital assets must be identified and valued. In New Hampshire, each party is required to identify all of their assets and to list a value for each asset on their Financial Affidavit.
Some assets are easily valued and others require the input of experts. For example, the value of a bank account can be easily determined by the amount of money in that account. Likewise, the value of publicly traded stock can be established by publicly available trading data. In contrast, real estate, stock options, pensions or closely-held business interests often require expert analysis. For example, if you and your spouse disagree about the value of your home, a real estate appraisal may be required. Similarly, in order to establish the value of a business such as a medical practice or a family-owned business, financial experts likely will be required to prove the value.
The correct valuation of marital assets is essential in order for the Court to make an equitable division of assets, and to assure that clients receive their fair share of marital assets.
At Tenn and Tenn, PA, we have developed a network of trained professional and courtroom-tested experts with whom we work in order to accurately value marital assets in a cost-effective manner. Our skilled NH Family Law Lawyers understand the complexities of trying to equitably divide a marital estate. If you have questions about equitable division of marital assets or valuation of marital assets contact one of our experienced New Hampshire Family Law Lawyers today to discuss valuation of marital assets.