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Posts tagged "High Asset Divorce"

Cuba Gooding Jr. and his wife are divorcing

Many people in Arizona are probably familiar with at least some of Cuba Gooding Jr.'s acting work over the years. His fans may have been surprised by the recent news that his wife of 20 years filed for divorce. As recently as August of last year, the actor publicly praised his wife on The View. However, as is often the case, a couple that seems very happy to others may be having irreconcilable differences at home. The couple has three children, ages 19, 17 and 8, and the mother is seeking joint custody of them.

Musician Chris Martin and Gwyneth Paltrow are separating

Many Arizona fans of either Coldplay's Chris Martin or of the actress Gwyneth Paltrow may be surprised to learn that the high profile couple has decided to separate after 11 years of marriage. Although reports differ, the couple reportedly has upward of$280 million in joint assets, which include multiple multi-million dollar properties.

Wife of actor David Cassidy seeks a divorce

Some Arizona fans of David Cassidy may be surprised to learn that his wife has filed for divorce after 23 years of marriage. According to his wife, this decision has been looming for some time and it has been reported that the couple has been living apart for the last few months. Mr. Cassidy also was recently arrested for his third DUI and has had an ongoing battle with alcoholism. It is not clear whether the recent DUI had anything to do with the divorce.

As part of divorce, Khloe Kardashian and Lamar Odom sell house

In can be a complicated process for anyone getting divorced in Arizona. People have to divide assets, decide on child custody, visitation, child support, spousal maintenance and many other issues. For people with fewer assets, it is much easier to divide assets, and it reduces the complications associated with it. However, for those with many assets, it can be very complicated. Many times in a high asset divorce, the couple has large amounts of investments, bank accounts and even debt. Also, many times they have multiple and expensive property interests.

Ashton Kutcher finalizes divorce with Demi Moore

Fans of actor Ashton Kutcher and actress Demi Moore may be interested to know the two have finally ended their marriage. The couple separated about two years ago, but the divorce was not finalized until November 26th when dissolution was entered in Los Angeles Superior Court. The popular couple was married in 2005. Reportedly the long delay is attributed to a dispute on how to divide the couple's wealth, which is estimated to be over $300 million.

Man claims he threw gold away to deprive wife of it in divorce

Emotions can run high during any divorce, including in Arizona. These emotions can lead people do things that they normally might not do. On top of the emotions, divorces can be complicated, as the couple makes decisions about asset division, child custody and alimony. In a high asset divorce, asset division can oftentimes be the most complicated portion of the divorce. In such divorces, sometimes people engage in rash behavior in order to keep assets from a spouse as emotions run high.

Increase in divorces after 50 can complicate asset division

In any divorce in Arizona, there can be many complications. People have to deal with child custody, child support, spousal maintenance and asset division to name a few. Sometimes asset division can be the most complicated part of the divorce, especially in a high asset divorce. Many times divorces that occur later in the couple's life increase the likelihood of asset division complications.

NBA star accused of violating court ruling in high asset divorce

Arizona couples going through a divorce or preparing to do so are likely beginning to look at their property and thinking about who will take what once the split is complete. These are rarely easy decisions; emotional attachments to certain items aside, some property and assets are difficult to value and ownership may be disputed. Asset valuation and division are often key components of a high net worth divorce.

What to do with a 529 plan upon divorce?

Divorce is seldom an easy process. Many Arizona residents with children going through a divorce know how stressful it can be. Between child support and child custody, the kids may often bear the unexpected burden of divorce. Among the many issues related to asset division in a high-asset divorce, parents of children may also have to cope with how to manage any money currently set aside to help pay for a child's future college expenses.

Arizona Judge finalizes divorce of NASCAR's Danica Patrick

Arizona residents will be interested to learn more about one high-profile couple who is putting the "brakes" on their marriage. Danica Patrick is a woman that is known for her speed on the track. Recently, she kept up her reputation for getting things done fast by finalizing her divorce from her husband Paul Hospenthal less than a year after she initially filed for divorce.

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