General Questions
How are points assigned to participants?
Auction managers control the point distribution, tailoring each participant’s total to their unique situation. Whether everyone receives the same points or some participants get more, it’s all about making the auction fair and transparent. Points are tracked and shown in the final report for easy review.
Can I use AssetDivide for divorce settlements?
Yes, AssetDivide is perfect for dividing assets in a divorce. The auction process ensures everything stays fair and transparent, so both parties can bid on the assets they want. It’s a simple way to divide belongings without the stress or conflict of traditional methods.
If I have a will or living trust how does AssetDivide help?
Including everything in a will or living trust isn’t always easy. AssetDivide helps by getting all the small items divided up and with a printable report with signature lines, so you can attach it to your will or include it in your living trust. It’s a straightforward way to keep everything organized and legally binding.
Unique scenarios
A participant doesn't want to participate?
Even if someone opts out of the auction, they can still receive fair compensation. By assigning estimated values to each asset, the Compensation Report will provide insights into the total value gained by participants. Non-participant compensation is then calculated from this report, ensuring an equitable outcome for everyone involved.
Do you support estimating the value of items?
Our AI assistant can determine low, average, or high estimated values for your assets with just a few clicks. It scans all assets at once and assigns values that you can modify afterward, saving time and giving you full control over the valuation process.
Can the manager participate as well?
With bids kept hidden from them during the auction, they can participate using a different email address or for example, if your email is manager@example.com, you can use manager+1@example.com It’s a secure way for managers to join the action while maintaining a fair process.
Does it? Can it?
Is the auction process private, and can others see the bids?
The auction is designed to be private and impartial. Participants bids are hidden from one another throughout the auction, giving everyone an equal chance to place strategic bids on the assets they value most. This privacy ensures that each participant’s decision holds its own weight in the process.
What happens if an asset isn’t awarded to anyone?
Unawarded assets are not left behind. With a simple click, you can transfer these items into a new auction, making it easy to include them for new participants. This streamlined process ensures that every asset has a chance to be awarded, maximizing the value for all involved.
Can I try AssetDivide before committing to a premium account?
Absolutely! You can try AssetDivide with our free version, which allows you to explore the platform’s core features. While it’s limited to a single auction with a restricted number of items and no image support, it’s a great way to see how AssetDivide works before upgrading to a premium account.
Privacy & Security
Does AssetDivide serve ads or sell personal data?
Absolutely not. AssetDivide is committed to your privacy and security. We never share your data, we don’t sell your information, and we have no interest in mining your data for profit. Our business model is straightforward: we focus on providing the best auction management service possible, and we charge our customers to use that service. That’s the only way we generate revenue.