When you or your partner own a business and it becomes necessary to divide it as part of a divorce or dissolution proceeding, it can be difficult to do without a formal appraisal. Either side in the proceeding may try to overvalue or undervalue the property. Where this occurs most often is with machinery and equipment assets since they are generally the least thought of when it comes to business value. Cash, securities, and real property, such as buildings and home offices, are fairly simple to identify and understand values, but machinery and equipment can present more of a challenge.
For these reasons, it is important to hire an accredited appraiser who specializes in machinery and equipment and will sign a certification attesting to an objective and fair valuation report. The appraiser can go on-site to personally inspect and identify all the relevant assets and provide a detailed fully researched report that will stand up to any level of scrutiny.
Equipment Appraisal Services (EAS) specializes in divorce appraisals while working with business owners, their spouses, and legal counsel to assist in the estimation of fair market value for the machinery and equipment owned by the company. We are accredited with the American Society of Appraisers (ASA) and comply with the Uniform Standards of Professional Appraisal Practice (USPAP). If the appraiser is needed to testify or work with your attorneys during the divorce proceedings, we have significant experience in providing these services as well.