SekellaLaw, PLLC
Call our Manchester office today
603-505-4062


Keeping artwork in a high-asset divorce

For many divorcées, retaining your home décor may be one of the last things on your mind as you battle your way through a divorce settlement. In high-asset situations, however, a divorce agreement may include valuable décor such as works of art.

If you are getting a divorce, agreeing to a child custody arrangement, establishing alimony and dividing your investment accounts may just be the tip of the iceberg. A thorough examination of your marital assets, including your home(s), retirement accounts, personal property (such as artwork and jewelry), investments and business valuations can be draining, though necessary. 

While divorce proceedings may seem to drag on, the emotional impact of a divorce ought not outweigh your desire to retain items with great sentimental or financial value, such as high-value artwork. Throughout your divorce, you will need to decide what material possessions you've acquired during your marriage are worth keeping after the divorce is final.

What's it worth to you?

Before you begin arguing over who gets what, consider the items that have the most personal value to you. Even things that are not financially valuable may have sentimental value; it is important to know which pieces you are willing to fight for and which ones you are willing to let go.

Some of the things you are currently fighting over with your soon-to-be ex may not matter to you a few years from now. For original artwork you have your heart set on keeping, an appraisal may be necessary, especially for pieces gained during your marriage.

Regardless of why you're parting ways, consider your long-term goals and how to meet your needs. Try to remain focused on the prioritization of the assets the two of you acquired or developed throughout your life together and how the results of their division will impact your future. Remember that once your divorce is settled, your financial situation may change substantially.

Focus on the long term when dividing your assets

Once you have determined the best course of action for child custody, child support and alimony, you should focus on dividing the high-value parts of your estate. If your artwork is deemed valuable, perhaps it is worth continued discussion. If its financial worth will not affect your future, and it is not of sentimental value to you, you may decide to let it go to prevent further disagreement during the dissolution of your marriage.

Whatever your artwork is worth, consider the emotional health of you and your children and how continued divorce proceedings could affect your lives. At some point you may decide your wellbeing, and that of your children, may be worth more than an item's financial value. 

No Comments

Leave a comment
Comment Information

You're Important. You Deserve The Best.

Contact Us Today For Help.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Office Location:

SekellaLaw, PLLC
222 River Rd
Manchester, NH 03104-2421

Phone: 603-505-4062
Fax: 1-603-623-0399
Manchester Law Office Map