Collecting stamps, coins, fine wines, or other collectibles is not just a fun hobby, it can also be extremely lucrative. If you are a collector, you know just how valuable collections can be. Collections are treated the same as any other assets during a divorce. This means that both spouses may have a right to an equitable share of the collection’s value. Valuing and dividing collections and other high-value assets during a divorce can be quite involved. For help, reach out to a divorce lawyer experienced in complex property division issues.
Who Has Ownership Rights of a Collection?
Many collectors spend years or even decades accumulating items. Often, the value of a collection is greater than the value of the objects individually. Not only do collections have monetary value, they also have significant sentimental value to the individual who worked hard to amass them.
Examples of collections that will need to be addressed during divorce include:
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