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How Do I Get Property Values For Marital Estate/Property Division?

Hey folks, Mark Scroggins with Scroggins Law Group and before we get into these q&a is want to remind everybody that this is just providing a general answer to questions that are posed by our listenership and viewership out there. So at no time does that create an attorney client relationship between you and me, or between you and any member of Scroggins Law Group. So I hope these questions are good for you. And it answers some of the questions that you got, how do I obtain values for different pieces of property for the purposes of Division during the marital estate? Well, it depends on what you’re talking about, okay, If you’re talking about a family business, then you’re going to have to get a someone who is an expert in determining what the values of these businesses are determining what part of a specific account is community and what part is separate. Texas courts typically rely on three standard valuation approaches: the Cost Approach, which calculates replacement cost minus depreciation; the Market Approach, which compares assets to recent sales of similar properties; and the Income Approach, which determines value based on future income streams. Forensic accountants play a critical role in high-asset divorces by uncovering hidden assets, tracing commingled funds, and providing accurate business valuations to ensure equitable property division. For simpler assets like vehicles, resources such as Kelley Blue Book provide reliable market values, though the complexity of your marital estate determines whether professional valuation services are necessary.
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