The assessed value of assets, such as real estate or businesses, often plays a pivotal role in dividing property during a dissolution of marriage. When parties disagree with the valuation presented by a qualified professional, the question arises regarding the ability to reject the amount determined. This valuation forms the basis for equitable distribution and can significantly impact the financial outcome for each party involved.
Accurate assessment is important to ensure a fair distribution of assets. Historically, disagreements over valuations have been a frequent source of contention and prolonged litigation in family law cases. Resolving disputes over valuation is often crucial for achieving a settlement, reducing legal costs, and facilitating a less adversarial process.
