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What are examples of complex family assets?

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examples of complex family assets would
be
trusts for example
investment portfolios
real estate holdings for example if
you’re a family who owns many apartment
buildings in new york city
you might have several of them in what
we call limited liability companies
individually and then having a limited
liability company be the parent of all
the other you know the smaller limited
liability companies it’s
again about organization
and
ensuring that you’re able to identify
all of the assets where they’re located
how what their value is if we’re talking
about real estate we might want to
dispatch a real estate appraiser to get
an approximate value as to what the
asset is worth or we want to look at the
financial statements to understand what
the assets are actually worth or car
collection would be another example or
an art collection would also be an
example of complex assets complexity
comes from the valuing of these assets
and determining how they’re going to be
divided

NY family law attorney Ken Jewell talks about examples of complex family assets. He notes that examples of complex family assets include trusts, investment portfolios, and extensive real estate holdings. For instance, a family that owns multiple apartment buildings in New York City may hold them through various limited liability companies, sometimes with a parent LLC overseeing the smaller entities. The complexity lies in organization—being able to identify all assets, determine their locations, and establish their true value.

In the case of real estate, it may be necessary to hire an appraiser to obtain an accurate valuation, or to examine financial statements to understand the asset’s actual worth. Other examples of complex assets include car collections or valuable art collections. The challenge with these assets comes from the difficulty in valuing them accurately and determining a fair method of division.

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