Couples in Florida may spend years or even decades accumulating various assets, such as a house, automobiles, electronics, artwork and other valuable pieces of property. So, should the couple divorce, the issue of property division can be a sticking point for many spouses who believe they are entitled to certain assets. If a settlement cannot be reached regarding property division, the parties will turn to the court to issue a decision.
Last week we talked about some of the issues that come up when a divorcing couple needs to divide assets held in the form of artwork. This week we learned about a very affluent couple who is encountering this very issue in their divorce after nearly 60 years of marriage. What happened when they had to divide assets amounting to over half a billion dollars?
Bidding adieu to artwork can be one of the most devastating aspects of divorce for some couples. Some pieces you might have collected on your travels, while others you might have received as a gift for one of your anniversaries. These pieces are likely special to both you and your spouse, which can create an issue in the event of a divorce.