Raleigh Division of Art and Antiques Lawyers
The concept of equitable distribution and division of property is often a significant issue for couples going through divorces in North Carolina. While some marital assets are easy to value, other assets might prove to be more challenging. Some of these more challenging assets include art and antiques.
If you are going through a divorce and expect to be dividing property, such as rare coins, fine art, and antiques, you need to contact a divorce lawyer that is knowledgeable about the equitable division laws in North Carolina. An experienced attorney can advise how this division can be made to ensure your property is divided in a fair and equitable manner during a divorce proceeding.
Marshall & Taylor PLLC is here to assist clients in the Raleigh area in dividing up treasured assets during a divorce. To discuss your legal options, contact our lawyers today at 919-833-1040 for a consultation.
Do I Need a Division of Art and Antiques Lawyer?
While the state of North Carolina is an equitable distribution state for divorce, it is easy for property to be unfairly divided without the help of a lawyer. To ensure that your property is protected, it is best to work with a divorce attorney with experience in valuable asset division.
An attorney will work with financial experts, such as antique, fine art, or jewelry appraisers, to calculate how these assets should be divided between two parties. A lawyer can also help you document a particular claim to family property or inherited collectibles, as well as arrange a fair agreement on how to divide the remaining valuable property acquired during the marriage.
In addition, a lawyer can help you consider the tax consequences of each asset and how splitting up assets will affect your tax liability in the future. A divorce attorney will make sure that your assets are divided equitably when you are facing the dissolution of a marriage that involves high worth items.
Why Choose Marshall & Taylor PLLC?
Jeff Marshall and Travis Taylor of Marshall & Taylor PLLC are lawyers with extensive divorce and family law experience, including the division of collectibles, family heirlooms, art, and antiques. Founding partner Jeff Marshall is a member of the Wake County Bar Association, the North Carolina Bar Association, and the North Carolina State Bar. He is also certified as a Family Law Specialist in the state of North Carolina, meaning he has expert knowledge in the field of family law that most family lawyers do not have.
Partner Travis Taylor works on appellate cases and is a member of the North Carolina Bar Association and the Wake County Bar Association. He also is a member of the 10th Judicial District, NC Academy of Trial Lawyers, and the American Bar Association. Both lawyers handle divorce and family law in Wake County and the Raleigh metro area. Marshall & Taylor PLLC have helped many clients in dividing high worth assets in North Carolina, gathering many new clients through past client referrals.
Arts and Antiques Division in North Carolina
In the state of North Carolina, divorce law states that any property, including collectibles, fine art, and antiques, should be split equitably during a divorce. It is important to note that equitable does not necessarily mean 50-50. If left up to the court, they will take into consideration the contribution and needs of both spouses to determine how to split property. If you and your spouse can come to an agreement on the terms of property division on your own, the court does not have to be involved.
It is only natural that people become sentimental over objects, and it becomes hard for them to let go or sell a specific item. Sometimes when a couple divorces, property division can become contentious. All assets acquired during the marriage, such as gifts of jewelry, art, rare coins, wines, collectibles, antiques, books, silver, china, and crystal, may need to be valued and appraised accordingly. You may have to consult specialty appraisers for your specific type of antique to determine its worth. It is possible that the court will order some items to be sold in order to equitably split the property.
However, inherited gifts, such as family property that was given to an individual, may not be considered part of the marital estate. If a spouse acquired antiques that were handed down as heirlooms and gifts, most of the time these items are excluded if it can be proven that the item originally belonged to or was passed down to an individual. A lawyer can help you provide evidence that certain items were inherited or gifts to ensure you don’t lose them in the divorce agreement.
Contact a Division of Arts and Antiques Lawyer Now
The division of assets lawyers at Marshall & Taylor PLLC are dedicated to helping clients in the Raleigh and Wake County area with the division of valuable assets. Contact us to discuss your legal options now at 919-833-1040.