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Once it is determined what is marital property and debt, does it have to be valued?

Yes. A court cannot divide a marital asset or debt unless credible, admissible evidence is produced about the value of the asset or balance of the debt. It is necessary to obtain competent valuations of assets for the court to value it. For assets such as real estate, businesses, professional practices and certain retirement accounts, it is usually necessary to retain experts to provide an opinion of value.

Call the Law Office of John P. Fernandez if you have questions or need legal representation in a family law matter. John Fernandez is licensed to practice law in North Carolina. The laws of North Carolina may differ from other states and no information contained herein should be considered legal advice.

About John Fernandez

John P. Fernandez | Child Custody and Divorce Lawyer | Raleigh, NCAttorney John Fernandez works with North Carolina individuals and families who need advice or representation in estate planning and administration matters. John provides an in-depth analysis of each client’s needs and works toward reducing estate taxes, avoiding probate and ensuring that health care decisions are handled appropriately. John helps individuals with modest and large estates achieve their goals.

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John P. Fernandez
Attorney at Law
9555 US Highway 15-501 North
Chapel Hill, NC 27517
(919) 601-5028

Estate Planning Services Tailored To Meet Your Needs

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