It works much the same way as the real estate side, although it's a different group of people that we use to appraise those types of assets. It has to be somebody who has the experience of not only doing the work and being able to prepare a comprehensive report, but to testify, justify their opinion, explain their opinion to the court in a persuasive manner, and get the opinion of value into evidence. We have a group that we rely on fairly often to perform those kinds of appraisals, and it's really important that a person with the appropriate credentials be selected to do that kind of work.
Chuck Roberts is family lawyer at Momkus McCluskey Roberts, LLC, one of the largest law firms in DuPage County, Illinois. To learn more Roberts and his firm, visit his profile or go to www.momlaw.com.Back To Top