No matter how long you've been married it's always difficult when your spouse says that it's time to file for divorce. Whether it's a total surprise or you knew it was coming, divorce is never an easy situation to handle. There's a lot of items that you need to divide, including money and collectibles. But, what if you have a lot of artwork? Let's explore how you can divide the artwork from your marriage in a Kentucky divorce.
You need to create a list as soon as you know that divorce is on the horizon. The list should include all of the artwork purchased prior to the marriage, the artwork bought during the marriage and artwork that has been sold during the marriage.
You should now hire an appraiser to appraise each and every piece of artwork in your home or storage unit. You can either agree with your spouse on the appraiser to hire or each of you can hire your own appraiser. If there are conflicting appraisals, you could consider splitting the difference between the expert opinions.
The best way to divide artwork in a divorce is to plan ahead. If you have a prenuptial agreement that addressed the artwork, there may not be as much to divide. If you don't, however, it's important to recognize that this division process may require you to sell much of your collection in order to settle the issue.
Dividing artwork from a marriage when you get divorced can be one of the most difficult tasks to complete. There will likely be a lot of contention. Make sure you follow the tips outlined in this post so that the process is as easy as possible.