Valuation of Property in Financial Proceedings during Divorce Abroad
Going through a divorce can be a stressful and overwhelming experience. When the division of assets involves properties held abroad, the process becomes even more complicated. In such cases, overseas properties are considered just as important as any other assets in the financial settlement process, and they must be properly evaluated for a fair divorce settlement.
If you are contemplating a divorce and suspect your spouse owns property in India, it’s essential to inform your solicitor about these assets as soon as possible. An experienced lawyer will know how to navigate the complexities of international property disputes and can initiate the necessary procedures to verify ownership and assess the value of your spouse’s property in India. This will ensure that your lawyer can take appropriate action in the financial settlement proceedings.
It’s important to understand that most foreign courts do not have jurisdiction over properties located outside their country, and they often cannot make decisions on property held abroad. As a result, additional legal steps, such as cross-border documentation and paperwork, may be required to enforce property transfers, particularly for assets in India.
At Wazir Solicitors, our expert team offers comprehensive legal services in handling divorce cases involving property disputes, specifically with regards to assets located in India. Whether the property is immovable or agricultural land, our solicitors are experienced in dealing with joint ownership or co-ownership situations, ensuring a fair and accurate valuation of the property. If you are concerned about property held by your spouse in India, we can assist you in verifying ownership, assessing its current market value, and incorporating this into your financial settlement.
We collaborate with certified property valuers to prepare a detailed property valuation report. This report will include a thorough description of the property, ownership details, and your spouse’s share, along with an accurate market valuation. Additionally, we ensure that all property documents are translated into English, which is essential for the purposes of financial settlement in foreign divorce courts. Our goal is to ensure that you receive the maximum financial benefit from the settlement of assets held abroad.
If you have further questions or need advice or legal assistance, feel free to Contact Us Alternatively, you are welcome to book an Appointment or send us an online Legal Query.
Consultation fee is applicable.
