How is my yacht treated by courts in divorce?
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Yachts are handled just like other assets in a divorce. First, the courts determine whether it is a matrimonial or non-matrimonial asset in order to ascertain whether it should be shared or kept separate. If one spouse owned the boat before the marriage, it might beviewed as a non-matrimonial asset and ring-fenced (subject to any argument regarding mingling). However, if the yacht was acquired during the course of the marriage it will be viewed as a matrimonial asset to be shared between the parties.

Where the yacht is a matrimonial asset, there are a number of options available for the spouses. Firstly, they can sell the yacht and divide the proceeds. Alternatively, one spouse can keep the yacht and trade an asset of equal value to the other spouse. In rare circumstances, it may be possible for the spouses to co-own the yacht.

Divorce proceedings including assets like yachts can be complex, because beside the boat itself, there is the cost of its upkeep to consider. The ongoing costs associated with owning and maintaining a yacht can be considerable and will need to be factored into your financial planning.

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**If you're considering or going through a divorce with a yacht involved, we can help. Click below 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.