Why Valuation Matters
Before you can divide property, you need to know what it's worth. The total value of the asset pool determines what each party receives.
Real Estate
Options
- Agreed value: Both parties agree (saves money)
When to Get Formal Valuation
- Significant property value
Superannuation
Getting Values
Contact your super fund for:
Defined Contribution Funds
Straightforward - use current balance
Defined Benefit Funds
Complex calculation. May need actuary. Fund provides "family law value" for splitting purposes.
Vehicles
Options
- Agreed value
Business Interests
Simple Businesses
- Net asset value (assets minus liabilities)
Complex Businesses
You may need a forensic accountant ($3,000-$20,000+) for:
Shares and Investments
Listed Securities
Use market value on agreed date.
Private Companies
May need accountant valuation.
Personal Property
General Rule
Use "garage sale" value (second-hand resale), not replacement cost.
High-Value Items
Get formal valuations for:
Liabilities
Include all debts:
Valuation Date
Generally value assets at the date of trial or settlement. But special rules may apply for: