Part of the Ohio divorce settlement process involves the division of marital property. However, if there are intangible assets like a business that need to be split equitably, it may take an outside financial professional to perform an appraisal. In some cases, it may be necessary to perform a full valuation of the company. This is generally true when the company is set up in a complex manner.
It may also be true when the report will be used by a judge or arbitrator when making a ruling. While it takes more time and costs more to conduct a full valuation, its results are generally more accurate and reliable. However, it may be possible to create a rough calculation of value instead. A calculation of value is easier to create and may be ideal for cases in which couples trust each other and want an amicable resolution.
Creating an objective value for an intangible asset may make it easier to come to an agreement on an overall divorce settlement. However, it isn’t mandatory that an outside individual or entity create a valuation for an individual. It may be possible for the couple themselves to agree on a putative value for shares of stock or other company assets that may not have had a price tag put on them.
As a general rule, those who are seeking a divorce may wish to retain an attorney. It may be possible for legal counsel to review a case and use existing state law to ensure that an individual gets all that he or she is entitled to in the asset division process. This may be possible regardless of what kinds of assets a couple may have had or how much they may be worth.