"Art is increasingly seen as an alternative hedge," says Laura Kingsley, a wealth advisor at a Knightsbridge family office. "It's less correlated to equities and, crucially, offers bespoke structures that make it extremely attractive from a tax perspective."
Divorce brings complexities in property division, with capital gains tax implications occurring when a marital home sells for more than its purchase price. Understanding capital gains exclusions and their timing assists couples in avoiding costly surprises.