While the real proceedings of a divorce might be handled by specialized legal advisors, we offer counsel to help in the property valuation in India & land evaluation settlements in such cases. As separation demands a division it is necessary for both parties to have a reasonable comprehension of the type and value of the advantages claimed inside a marriage.
For an abroad resident, to get property valuation in India and then prepare a report for lawful intentions is very challenging. He could get his personal matters sorted out by lawyers who deal exclusively in partition cases, but he would require specific guidance for such asset division settlements.
There are different evaluation techniques and normally one can engage special evaluators for value estimates.
- During the course of any separation, financial resources need to be correctly assessed and evaluated.
- It is possible in a lot of cases that the parties are not aware of each other’s assets- both foreign and domestic.
- Sound legal advice and guidance become vital for a fair resolution to the matters.
- More often than not, people find themselves lost about the requirements of the particular situations.
As a rule, despite legal provisions, ladies still end up facing situations of financial safety – clarity about share in husband’s property would enable take to the mind of numerous such issues.
- Even if we were to consider the increasing number of working women in India, the fact is that most married women still continue to be dependent for financial security.
- Divorce laws have been framed in such a manner over time that women get protection in terms of financial security.
- Property could be in various forms – share in business, dowry that the woman brought with her, gifts that she received whether in her marriage or later on from friends and relatives, various other assets collected by them.
- It is sensible to get property valuation in India done, and then seek appropriate solutions for the resolution of these matters.
When a marriage breaks down either the man or the lady can approach the court to settle such division matters. They could be seeking division amongst themselves and for their kids. If they do this together neither one of the parties would look for make a move against the other – in the case of disputes, one party would initiate action in court through legal counsellors or seek help elsewhere.
While settling these cases, what is remembered in mind is that there are two different types of property being considered here.
- That which is bought by two people during their marriage is called “marital property”.
- And that which belonged to the individuals before their marriage or was gifted to them from someone other than their spouse would fall under the category of “separate property”.
During separation, it is the first category that will get divided between the two people.
What is to be kept in mind during these settlements?
- Proper legal advice is vital for resolving things in a fair manner
- It is necessary to hire a legal representative who can assist in preparing a comprehensive report on the assets along with an evaluation of each asset at the current prevailing market price.
- All legal advice including the property valuation in India should be taken into account at the time of divorce as the court orders the financial settlement only during the divorce process.
- Each income disparity should be reflected in the division.
- If these factors are not adequately considered at that time, then it will probably be too late to rectify, and legal rights will never be restored.
Our land division offers services to customers for doing property valuation in Delhi, Gujarat and Punjab in India alongside title search and getting every single important archive to review and study them. Then a comprehensive information report is prepared as per the requirements of the customers.
