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The Divorce Encyclopedia
Appraisal Report


Term Definition Appraisal Report - a report of the results of an appraisal which begins with the definition of an appraisal problem and leads to a specific conclusion using reasoning and relevant descriptive data.
Application in Divorce In a divorce case, the appraisal report will become evidence to substantiate the value of an asset. This report will be used to present a case to the opposing party as well as the court (if a property settlement cannot be reached). Depending on the significance of the asset and the appraisal value, a lawyer may suggest that the person who performed the appraisal and drafted the report appear in court as an expert witness to testify under oath regarding the appraisal report and the methodology used to arrive at the value.

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