In case of any separation or divorce settlement happening in the case of overseas citizens, property evaluation becomes imperative. As separation demands division of property it is natural for both parties to have a clear understanding of the type and value of the assets owned within a marriage. For an overseas resident to get a property evaluated in India and prepare a report for legal purposes is very challenging.

There are various property evaluation methods and usually one can engage special property evaluators for property value estimates. For any legal separation taking place, 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 advice and guidance becomes vital for a fair resolution to the matters. More often than not, people find themselves lost as to the requirements of the particular situations.

WHAT IS TO BE KEPT IN MIND DURING DIVORCE SETTLEMENTS?

• It is necessary to hire a legal representative who can assist in comprehensive report on the assets along with evaluation of each asset at current prevailing market price.
• Legal advice should be taken at the time of divorce as the court
  financial settlement only during the divorce.
• Each income disparity should be reflected during the division of property.
• If these factors are not properly considered at that time, then it will probably be too late to rectify and legal rights will never be restored.

Our real estate division offers services to clients for doing a title search on the property and obtains all relevant documents, review and study them. Then a comprehensive report is prepared vis. the requirements of the client.

THE REPORT INCLUDES THE FOLLOWING:

• Description of the land.
• Documents pertaining to the ownership.
• Documents pertaining to transfers if have been any.
• Translated versions in English of all documents obtained.
• Valuation of the property from registered evaluators with the Ministry of Finance.
• A comprehensive report on the exact share and status.