What is the role of an appraiser in a collaborative divorce?
An appraiser plays an important role in a collaborative divorce in Mississippi. An appraiser is a neutral third party who is asked to evaluate and assess the value of marital assets and debts. This includes, but is not limited to, real estate, investment accounts, business interests, and retirement accounts. The appraiser provides an unbiased assessment of the value of the marital assets and debts, which both parties can use to negotiate a fair and equitable settlement. The appraiser will also determine the tax consequences of the asset division. That way, each party will know the exact tax implications of their settlement before signing any agreement. This is critical in ensuring that each party is in the best financial position after the divorce. The appraiser is also responsible for providing details of any liens, encumbrances, or other related debt on the assets or debts being evaluated. This helps to ensure that both parties have an accurate understanding of the asset or debt before a settlement is reached. The appraiser’s ultimate goal is to help the parties come to an agreement that is fair and equitable to both parties. The appraiser’s opinion is binding, meaning that both parties must agree to the appraiser’s assessment of the marital assets and debts before a settlement can be reached. This helps to ensure that the asset and debt division is clear and unambiguous.
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