SA Law Head of Family Law, Partner Marilyn Bell says Russell Crowe has the right idea with his divorce auction in The Times.
The Australian actor Russell Crowe and his soon to be ex-wife Danielle Spencer have been making waves this week with the news of their inventive way of deciding who keeps certain personal possessions. The decision to cut-through all of the difficulties of a 'who keeps the record collection' scenario that couples who are splitting often face by auctioning their possessions provides a fair outcome for all parties.
Extract from Marilyn Bell's Times article:
Russell Crowe is auctioning off memorabilia from his movies and personal items, including his motorcycle, watches, art, instruments and sports collectables as part of finalising his divorce from Danielle Spencer. What an excellent idea.
Resolving division of personal items on divorce can either be very easy, with the couple undertaking it themselves, or one of the most difficult elements. The starting point for a court in resolving matrimonial finances is equal division of assets. This is fairly straightforward in regards to properties, shares and bank accounts. However, it’s difficult when it comes to personal possessions.
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