Posts tagged "Family Law"

Art collections at stake in high-asset divorce

When people in Illinois decide to divorce, it can lead to significant financial changes, especially when both spouses are wealthy or own valuable assets. Two divorces among art collectors, with each couple holding hundreds of millions of dollars in valuable artworks, have shined a spotlight on property division when high-value collectibles are involved. Asset division can be complex even when the assets being addressed are primarily investments or retirement funds; both parties want to protect their property and secure their financial future. However, the potential for dispute over these issues may escalate when unique items like art are at stake as both parties may want to retain ownership of particularly desirable pieces.

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