Just as the family house can bring two married people together, it can also tear the two individuals apart even more during a divorce proceeding. This is because people often have emotional ties to the marital home, so both parties may naturally want to stay in it. In the same way, a valuable piece of artwork can spark conflict between two individuals going through a divorce in California.
Dividing cars and even money can often be easier than dividing artwork because of the emotional attachment that a person may have to a particular painting or bust, for instance. Being willing to compromise on who gets which paintings can be challenging. However, understanding tax laws can help people to make more informed decisions when it comes to divvying up the art, as strategic art distributing can lead to minimized taxes.