In a property settlement the valuation is usually obtained from a single expert instructed jointly by both parties, whose duty is to the court rather than to either side. Independence is the whole point. The report is written as expert evidence: the method is disclosed, the sales are analysed on the page, and the valuer must be ready to answer questions about it in a conference of experts or a courtroom.
The valuation is independent: one expert, instructed jointly, answerable to the court.
Valuations are ordered at the breakdown of a marriage or de facto relationship, for buy-outs of one party’s share, for consent orders and binding financial agreements, and for deceased estates, where a retrospective assessment at the date of death is usually part of the job.
A figure both sides can see the workings of prevents most arguments before they start.
- Rests on
- Independent evidence prepared to single expert standards
- Prepared for
- Proceedings in the Federal Circuit and Family Court of Australia, executors, both legal teams
- Have ready
- Your solicitor’s details and any court directions about the appointment
- Turnaround
- 5 to 8 working days from inspection; urgent timeframes by arrangement