Could one handbag really throw a wrench into an otherwise copacetic divorce? It could if it’s a Birkin or another high-priced designer bag. Unlike most personal items that depreciate over time, designer handbags can end up being worth far more than their initial purchase price. Your client may not realize it now, but that ordinary looking leather handbag hanging in their spouse’s closet could be a marital asset worth tens of thousands. 

The challenge of a “handbag divorce” is making sure these types of high-end personal items don’t get lowballed or completely overlooked during the asset division process. Here is a practitioner-focused look at how to help clients meet this challenge. 

Setting Property Values in Divorce

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