Date of Valuation
The specific date used to determine the value of assets for division, varying by jurisdiction and asset type.
Example
The court used the trial date as the date of valuation for all marital assets.
Canadian Equivalent
In Canada, this is referred to as Valuation Date (ON: date of separation under Family Law Act; varies by province).
Jurisdiction Variations
NEW-YORK
Date of Commencement of Action
New York values marital property as of the date the divorce action was commenced
NEW-JERSEY
Date of Complaint
New Jersey uses date of the complaint for valuation
PENNSYLVANIA
Date of Separation or Date of Distribution
Pennsylvania allows court discretion in selecting the valuation date
Related Terms
fair-market-valuedate-of-separationequitable-distribution