Property division can be a costly undertaking

In Georgia and elsewhere, divorce proceedings can be contentious. This can be especially true when it comes to the division of property and assets. The more property and assets that are involved, the more complicated property division can become. Take, for example, the recent story of the divorcing couple who jointly owned an original Picasso.

The couple had agreed with a coin toss that the wife could keep the Picasso. The husband had also indicated in an email that she should take any furniture and art that she wanted. The wife is also an accomplished artist and, without her then husband's knowledge, she had already replaced the Picasso with a copy that she herself had painted. The original may sell for as much as $35 million. The husband claims the wife stole the painting.

Not every couple owns an original art work worth millions of dollars. However, most couples have belongings that may not necessarily hold significant monetary value but hold sentimental value. Final ownership of these items should be carefully considered.

Divorce can be very emotional. When it comes to property division, a person in Georgia may benefit from speaking with an experienced family law attorney. Every situation is unique and the parties involved may each benefit from legal advice. If the process of property division can be considered more of a business transaction, emotions may play a smaller role. A knowledgeable family law attorney may be able to aid with difficult negotiations and be able to pursue the best interests of his or her client.

Source: nypost.com, "Wife got prized Picasso painting in divorce, hangs fake version anyway", Carleton English View, May 11, 2018

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