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Pre-Nuptial Agreements Benefit From Proper Asset Appraisals

Pre-nuptial agreements are growing in popularity as more individuals marry later in life, after establishing careers and acquiring financial assets. While prenuptial agreements can efficiently and amicably divide property and assets, prenuptial agreements benefit greatly from proper asset appraisals before marriage. Proper asset appraisals offer significant financial benefits for both parties during the creation of the pre-nuptial agreement, and during the marriage as well.

Don't Let A Jury Decide The Value Of Your Real Estate Assets

One of the most significant benefits of having your home and properties appraised by professionals during the prenuptial process is that the interested parties avoid the uncertainty of a jury determination. Without a proper appraisal, a jury may later decide the value of the home and real estate during court proceedings, and their determination may be far less than the home or property is actually worth. Professional appraisals protect the true value of a home and property for owners.

Always Know The True Value Of Heirlooms and Antiques

Proper asset appraisals also help owners establish the total net worth of heirloom or antique assets, such as furniture, artwork, jewelry or vehicles. These appraised values are crucial during the drafting of prenuptial agreements, as both parties must factor in sentimental value as well as financial value. In addition, asset appraisals can help couples ensure they have adequate insurance coverage for their valuables in the event of theft or damage.

Appraisals Make Asset and Property Division Amicable

Finally, asset appraisals lead to a more amicable and efficient division of property and assets in the event of a separation or divorce. The combination of a prenuptial agreement and proper asset appraisals help avoid contentious and lengthy court proceedings over true ownership and asset values.

Experiencing a separation or divorce is painful, but prenuptial agreements can help expedite the process by streamlining the division of property. Christiansen Law Firm is a Texas-based family law firm, with extensive experience in helping clients navigate the complexities of prenuptial agreements, adoptions, divorce proceedings, and other family law needs. Contact the family law attorneys of Christiansen Law Firm at their Houston or San Antonio offices for more information, or go online to request a free consultation.

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