For a collector of recreational vehicles, the collection’s value goes beyond mere possessions; they are a testament to a lifelong passion and commitment. This makes asset division in a divorce even more difficult for a collector. They are not just parting from a relationship; their collection may also be subject to division.
When these vehicles are more than just property for you, what can you do if you desire to retain ownership of these cherished assets?
Establishing ownership
To ensure you keep the recreational vehicles, it is crucial to establish clear ownership. If you purchased the assets before the marriage, they may be considered separate property. This is good news for you as they may not be subject to division. However, the law considers them marital property if you have acquired them during the marriage. In this case, you might need to negotiate with your spouse to secure sole ownership.
Negotiating for ownership
Negotiating with your spouse for ownership of recreational vehicles can be challenging. But if you want to keep your collection, this is necessary. You may consider offering other assets or financial compensation in exchange for sole ownership. Mediation can be an effective way to reach an agreement that both parties find acceptable. This can also help you avoid a lengthy court battle.
Protecting your interests
To protect your interests, it is best to consult with a divorce attorney. They can provide guidance on the optimal legal strategies to secure ownership of your recreational vehicles. Your attorney may also help you gather evidence that demonstrates your contributions to the purchase and maintenance of these assets, which can be influential in negotiations or court proceedings.
Securing ownership of recreational vehicles in a divorce can be challenging, but with careful consideration and legal counsel, it is possible to achieve your goal. Taking these steps increases your chances of keeping these cherished assets as you move forward after divorce.