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How are yachts valued for divorce?

In HNW and UHNW divorces, a yacht can become the centrepiece of a financial settlement. For example, the divorce between billionaire Farkhad Akhmedov and his ex-wife Tatiana featured a highly publicised dispute over Mr Akhemdovs c.£330m superyacht.  

The size, condition, age, model and specifications of a yacht are all factors to be considered when determining its value. Yachts generally depreciate in value; however, certain types of yachts will depreciate faster or slower. 

A valuation can be obtained from a specialist yacht broker or appraiser, who will have the necessary expertise to determine a fair market value.

If you are considering or going through a divorce and you or your spouse own a yacht, contact Vardags today for a free initial consultation with one of our expert divorce solicitors. 

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The information on this website is intended as a guide and does not constitute legal advice. Vardags do not accept liability for any errors in the information on this website, nor any losses stemming from reliance upon the statements made herein. All articles and pages aim to reflect the legal position at time they were published, and may have been rendered obsolete by subsequent developments in the law. Should you require specialist advice, tailored to your situation, please see how Vardags can help you.

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