How does the court determine the value of marital property?
Most property (real estate, bank accounts, investments, pensions, automobiles, etc.) will be easily valued. For example, the real estate will be appraised. Nevertheless, for all property the court must use fair market value, or what a willing buyer would give a willing seller. When it comes to personal property, It is very close to the value at an auction or yard sale. If the parties cannot agree on the value of personal property, then the court may order an appraisal or auction.
