Deciding When You Need an Expert

Dividing antiques. What do you need to know about that if you're going through a divorce? Well, if it's a little antique and you know that you bought it for $10 and you think that that's the value, there's no need to get an expert to get an actual valuation. But if you have antiques and you go, well, I know that we got it for a good price,

30, 40 years ago. Or I've seen other things like that, that are $10, $20,000. You may need to have an expert give you a valuation. You can't simply say it, well, my sister, who loves to go antiquing, saw something like that a year ago, and she thinks it's worth $4,000. No, you're going to need an expert. You'll have to determine what's their education, what's their training?

How much experience do they have? What do they do for a living? Have they been admitted as an expert in a different case? And once you have a qualified expert who can say yes, that painting is by such and such a painter. It's worth this. That clock was made in the 1750's, and they sell for this range, and it's in this kind of shape.

It will sell for this. Then you can establish the value. Then you determine which party is going to get it, and it will go on their side of the ledger. When you're trying to equalize assets and equalize what's gonna pass on to both parties but you will need an expert. If you think it's valuable. Until next time.