Skip to main content

Jerry Reiss ASA**

Be the Boss of your Money

Home  Actuarial Services  Family Law  Employment Law  Lawyer Testimonials  Client Testimonials  About Us  Contact Us  Publication Links  Site Map   
1st Step (Essential)
Benefit Valuations
Legal Malpractice
Transmutation Issues
Valuation of All Properies
Valuation is the most underrated service in family law and usually is at the heart of all legal malpractive exposure.  This is true whether it involves a benefit that later will be divided with a QDRO, real estate holdings, including the marital home, employer stock options or personal stock portfolios, and available income to pay support.  Family Law attorneys often secure valuations only when the property in question is intended to be divided by trading it with other marital assets.  This limited use for a valuation misses the critical need for one.  
A valuation serves many purposes. First it organizes your entire case.  It does this first  by showing what is marital from non-marital property.  Then it discloses  what may be divided in half from what needs to be traded to accomplish a 50% division.  A proper valuation can show the source of funds in the creation of the asset (providing a sneak peak into whether an unequal division may be possible).  A proper valuation can also show  which divisions produce income either maximizing the ability to pay support or minimizing the need and the amount that need be paid.  As support and property are interrelated in so many important ways, the valuator must have full working knowledge of the statutes and case law that drive the valuation result.
Too many attorneys allow the financial affidavit required in all cases to subtitude for a valuation and  reserve the valuation to when the case fails to settle.  This allows the spouse to decide what is marital from what is not and overlook whether the property can be divided or must be traded.  This stratgey maximizes the chances that a marital property will not be divided or that it will be divided when it really should not be because it is non-marital property.  This procedure also maximizes attorneys fees and costs when the case proceeds to trial.