In the recent California Court of Appeal decision, In re Marriage of Lietz, 2024, the court addressed the pivotal role of the Appraisal & Valuation Expert Witness in the division of marital property, specifically the valuation of the family home during dissolution proceedings.
Background and Parties
Diana and Andreas Lietz were parties to a marital dissolution action in which the primary dispute centered on the value of their family residence. Both parties retained appraisal experts to provide opinions on the fair market value of the property. Diana’s expert appraised the home at $1.1 million, while Andreas’s expert valued it at $1,020,000. The difference in valuation was significant, as it directly impacted the division of assets and the financial outcome for each party.