What if someone does not agree with the Fair Market Values assigned to items?

For all to feel good about the division, all parties need to agree that the items listed and values are correct. The initial round ― an Asset Review round ― not only helps confirm the values, but saves time if no divisee is interested in owning the asset. Agreeing on a value isn't always possible with an initial listing proposed. An Administrator may choose to adjust a few values based on feedback, get an appraisal, show links to similar items on Craig's List or eBay in support. One may also remove items where values are in dispute to be separately divided in a later round through a bidding process among the participants to establish a true “market value” for the participants. This allows the other items to be divided in faster ways, thereby not holding up the process.


Please sign in to leave a comment.
Powered by Zendesk