‘Handbag Divorces’ - Dealing with the Division of Luxury Items on Divorce

Introduction

With ownership of luxury goods becoming more commonplace, and their values increasing, division of prize possessions during divorce is no longer an exclusive problem for the ultra-wealthy.

During divorce couples must declare all personal belongings which have a value of £500 or more, including handbags, jewellery, clothing, shoes, and watches.

With the cost of many designer goods sitting comfortably above the £500 threshold, so called ‘Handbag Divorces’ are on the rise.

Given the emotional connection to these types of belongings, some people can lose sight of the bigger picture very quickly meaning that divorces of this nature can become very challenging to deal with.

What You Will Learn

This webinar will cover the following:

• What the disclosure process requires
• How gifts made during the marriage are treated
• How the court treats these types of assets
• How and when expert evidence can be helpful
• Managing client expectations and attitudes when it comes to assets laden with emotional connotations
• How Pre and Post Nuptial Agreements can be helpful

This webinar was recorded on 14th June 2022

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.