The Art of Divorce: Art as Marital Property, Treatment of Art in Pre-nups, Valuation Issues, Division and Beyond

On-demand

The Art of Divorce: Art as Marital Property, Treatment of Art in Pre-nups, Valuation Issues, Division and Beyond

Recorded On 10/25/2019

COURSE DETAILS

Alongside cherished items and individuals such as homes, cars, pets, and children, works of art are one of the many things to which married couples attach value throughout the course of their lives with one another. Art becomes both a commodity possessing monetary value and a priceless object of immeasurable sentimental worth. As such, art is a highly contested subject in many divorce proceedings which legal professionals must address. This program examines one of the central questions at the intersection of art, divorce, and the law: what must matrimonial practitioners and matrimonial judges do when dealing with art?

 

Panelists will discuss the common issues encountered when negotiating art settlements. They will also highlight well-known case studies that have defined the ways in which legal professionals understand art as property subject to redistribution in divorce.

 

Issues discussed in the program include:

  • Who is the client (art dealer, private collector, artist, etc.) and the ways that information impacts the valuation and distribution of art in divorce cases.
  • Pre-nuptial agreements and the ways that artists, collectors, and dealers can protect their art when going into a marriage.
  • Defining “marital” and “separate” property as the distinction relates to works of art.
  • Ways to distribute property in divorce cases in which there is no existing pre-nuptial agreement.
  • Uniform Standards of Professional Appraisal Practice (USPAP) for establishing the free market value of works of art and other ways for establishing the value of works of art through appraisal.
  • Receivership and art sales as means of resolving disputes.

 

 

FACULTY

Moderator: Hon. Matthew Cooper, NYS Sup. Ct., Civil Term, Matrimonial

Faculty: Dror Bikel, Bikel & Schanfield; Alan Feigenbaum, Alter, Wolff & Foley LLP; Lois J. Liberman, Blank Rome LLP

CLE CREDITS

1.5 NY CLE Credits; 1 Skills, 0.5 PP
 

GENERAL INFORMATION

All Programs include 1 Affirmation and 1 Evaluation Form, and Course Materials.

To receive CLE credit for a program in Online Video Format:

Online Videos contain CLE codes that you must type into a supplied online affirmation form. Submit the online affirmation to the NYCLA CLE Institute to be issued a CLE certificate. We recommend that you watch the video as soon as possible.

We can only issue CLE credit if the law is still current.

Course Materials: You can download course materials on the Online Video webpage.

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