In last month's article, we explored the many issues that involve the court-appointed valuation/financial expert. Many of the problems such experts encounter are the result of a lack of clarity and specificity in the order appointing them, and a general lack of guidelines for the expert to follow.
The Court-Appointed Expert
In last month's article, we explored the many issues that involve the court-appointed valuation/financial expert. Many of the problems such experts encounter are the result of a lack of clarity and specificity in the order appointing them, and a general lack of guidelines for the expert to follow. The Matrimonial Commission, appointed by the Chief Justice Judith Kaye and chaired by Justice Sondra Miller, undertook a detailed review of this area in an attempt to remedy the problem. This author served on the Commission as its only financial evaluation expert. After review, the Committee drafted a model order for the appointment of the valuation/financial expert, and published it in Appendix K of its report. Let us now look at the problems and issues related to the appointment of a valuation/financial expert, and focus on the resolutions recommended by the Commission.
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John R. JohnsonThis premium content is locked for LawJournalNewsletters subscribers only
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