Often in relation to family law litigation it is necessary to obtain an independent expert opinion on the value of various assets of the relationship. This can be true even in the case where there is little or no dispute. If, for example, a couple wishes to enter into a pre-nuptial agreement and there is some uncertainty regarding the valuation of the assets which each party to the relationship has then it may be necessary to obtain the services of a valuer to ensure that the assets referred to in the agreement with their correct values.
Naturally, it is also possible that the parties agree on estimated values as part of the contract. Often they will have broad notions of what each of their assets is worth. However, there can also be situations where the parties to a family law related issue will not be able to agree on the value of their assets and it will then certainly be necessary to seek the advice of a highly qualified professional on the value of certain assets in the relationship. For example, if one partner, or the partners together have worked to establish a business and then decided that they no longer wish to be together a business valuation will be necessary to ensure that the parties are treated fairly in relation to the dispute.
We have contacts with a number of highly qualified professional valuers who can assist with the process of assigning value to the assets of a relationship. Naturally, if you have questions about the legal elements of the valuation of assets we can provide you with legal advice concerning a matter like this. If you have a question about the value of a family law related asset and the legalities of a matter like this, please do not hesitate to contact us.