During Dissolution of Marriage (Divorce) and the dividing of assets, there is an administrative detail known as “Valuation Date”. The Valuation Date refers to the value of the assets on a certain day. This value is often used for the decisions regarding which assets are divided and how to divide them.
An often-overlooked detail is the expectation issue in choosing a percentage or a dollar amount in dividing an asset. Why is this distinction important? Could there be a real difference to the outcome? Someone once said, “you can’t spend a percentage, it is the dollar amount that matters”. [ Read More… ]
