Associate, Lisa Payne has spoken in an article for Luxury London discussing high net worth divorce and the complications when it comes to splitting assets.
The article explains how high-net-worth divorces often involve far more than dividing a house or car. That settlements can encompass luxury assets such as a Mayfair mansion, a private vineyard, a Monaco superyacht, or even a museum-worthy art collection. And then, for the ultra-wealthy, the complexities come down to finer details, like deciding who retains the Basquiat, the Birkin collection, the château in Provence, or the bespoke Aston Martin with monogrammed seats.
Lisa quotes "Whilst the family home is the obvious example of a joint asset, regardless of whose name it is in, luxury items are not as straightforward. They’re often held by one party only and may be emotionally charged."
Read the full article here.