Contents Appraisals for Divorce Toronto GTA and Beyond
In Canada, during a divorce, the process of appraising household contents is usually done as part of property division. This involves valuing and dividing assets that were acquired during the marriage.
Here are the steps involved in appraising household contents for divorce in Canada:
Make an inventory of all household contents: Create a list of all the household contents that you and your spouse own, including furniture, appliances, electronics, and personal items. Take photos of all the items to provide evidence of their existence and condition.
Determine the value of the items: Once you have an inventory of all household contents, you need to determine their value. This can be done by consulting with an appraiser or by researching the current market value of similar items.
Decide how to divide the household contents: Once you have determined the value of the items, you and your spouse will need to decide how to divide them. This can be done by either agreeing on a fair split or by having a judge make the decision for you.
Document the division of the items: Once you have decided how to divide the household contents, it is important to document the division in writing. This will ensure that there are no misunderstandings or disputes in the future.
It is important to note that the laws around property division can vary depending on the province or territory you live in, so it is important to consult with a family lawyer for guidance on the specific laws in your area.
At Empire Appraisers, we provide timely, impartial and fully confidential valuation reports to our clients in matters of marital dissolution in order to facilitate an equitable and agreeable division of common marital assets. Furniture, artwork, decor, collector items, jewellery, Persian and Oriental rugs, china and silver wares and more. We work with both legal firms and the general public.
Call or email us today to schedule a confidential consultation and be assured of the utmost discretion and a timely turnaround.