There is no doubt that a divorce has the potential of being contentious. Fortunately, many people in Illinois and across the country are able to settle their differences with only a relatively minor amount of upset. In the case of a high asset divorce, however, there are often additional considerations that could make the process more complicated.
Recent news stories indicate that Rudy Giuliani’s divorce from his wife of 15 years is headed toward contention. At issue, according to reports, is how Giuliani’s assets that he acquired since his marriage will be divided. His estranged wife is reportedly asking him to pay for expenses on two different homes, the salary of her personal assistant and bills associated with her mother’s stay in an assisted living facility.
Giuliani, however, claims that he cannot afford these expenses as his income dropped from $9.5 million in 2017 to $5 million in 2018 as he now defends President Trump for free. Despite this, his estranged wife claims that he spent almost $1 million on personal expenses in the last six months, including a large sum on pens and cigars. A representative for Giuliani claims that the negative publicity surrounding the divorce further reduces his earning potential; a gag order may be put in place.
The judge in the case has advised the couple to ease the costs and stress associated with divorce by settling amicably. While there are benefits of doing so in a high asset divorce such as Giuliani and his estranged wife are going through, it is often not that easy. Many couples in Illinois going through a similar situation want an experienced attorney on their side to help evaluate the other spouse’s actual financial situation and negotiate for a fair settlement.