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Valuables and Divorce
June 26, 2009
The marital issues that millions of couples face, including Jon and Kate, are not uncommon. Yet most people find themselves unprepared. When it comes to the nuts and bolts of evaluating personal property when and if divorce threatens your marriage, I have some expertise to share.
Whether you have eight kids, here’s what you should know about your valuables when facing divorce.
Dr. Lori’s Tips
Divorcing couples always have an appraisal of the family home. They should have an appraisal of the objects in that home, too. The objects represent a significant piece of the marital assets. Both of you should have had your personal property, including your joint property, appraised. Don’t negotiate until you have a correct identification and a current market analysis.
Get an appraisal before you negotiate. Even if you are happily married or blissfully single, update personal property appraisals for insurance purposes every two years. Update appraisals when you have a child, when you receive an inheritance, or when you move residences or purchase a home.
By: Dr. Lori
Posted by Judith Gerhart on June 26, 2009 | Permalink | Post a comment
Dr. Judith Gerhart, CFP
Certified Divorce Financial Analyst 
