When undergoing a divorce, spouses often face a long and difficult process of dividing property. In states that have equitable distribution, like Florida, calculating the worth and appropriate division of assets can be a complex process, since distribution may be unequal depending on each spouse's financial circumstances, the needs of children, and the length of the marriage. When artists divorce, property division can be especially challenging due to the complex nature of art assets.
Florida readers may be interested in a story out of Washington, D.C., concerning one couple who has decided to end their marriage. The husband and wife, both high-profile lobbyists, are now fighting a legal battle over ownership and control of their art collection.