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High Asset Divorce Archives

Options to split business assets in a high asset divorce

The vast majority of people in Illinois and across the country are likely familiar with the company Amazon. Though CEO and founder Jeff Bezos is in the news relatively frequently, the announcement of his impending divorce to wife of 25 years MacKenzie has several people wondering how such an asset -- a 16.3 percent stake in a successful company -- can be divided. While the details of their potential agreement and its impact on the company are unknown, there are several options available when it comes to a high asset divorce.

Financial considerations in an Illinois divorce

When a couple in Illinois marries, they likely do so with excitement for the future. However, when they make the decision to divorce, some couples may also be eager to begin the next stage of their lives. Unfortunately, this could lead to some hasty decisions that do not fully consider all of the financial considerations of asset division.

Special considerations for a high asset divorce in Illinois

Every single couple in Illinois who chooses to walk down the aisle together likely has no expectation that their marriage could ultimately end in divorce. Though all divorces have important implications, a high asset divorce in Illinois and other areas of the country could be especially complicated. For example, the recently announced impending divorce of Jeff and MacKenzie Bezos has many people questioning how assets are divided when there are a great deal of assets.

High asset divorce: Couple must sell high-dollar art collection

The end of a marriage in Illinois and across the country is almost always difficult. If that end is contentious, the negotiations that ensue can be even more challenging to resolve. This could especially be the case in a high asset divorce where stakes are much higher. Often, a judge must intervene as one has recently done in the highly contentious divorce of Harry and Linda Macklowe.

Rudy Giuliani's high asset divorce appears contentious

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.

Experienced counsel during high asset divorce in Illinois

When a couple in Illinois chooses to walk down the aisle, they likely do so with every intention of spending the rest of their lives together. Over the years that follow, they may have children and become professionally successful, even opening their own business, all while saving for retirement. However, some couples drift apart, leaving them with the prospect of a high asset divorce.

Avoid disputes in a high asset divorce

Many issues arise when a couple in Illinois or elsewhere around the country decide to end a marriage. Regardless of socio-economic status, every couple must deal with the issue of property division and "who gets what" of the marital assets. However, those involved in a high asset divorce must deal with those issues on a large scale.

Could high asset divorce be contagious among friends and family?

According to researchers from leading universities, spouses are 75 percent more likely to end their marriage if a close friend or family member does the same. That sobering statistic may give some Illinois spouses pause. It turns out that in some ways, high asset divorce might be contagious within familial or social circles. 

The role of data protection in high asset divorce

Technology has truly changed our lives for the better in countless ways. There are areas, however, where the benefits of technology can pose a problem. An example lies in high asset divorce, where technology can provide a soon-to-be-ex with a wealth of information that can be used against their partner during the divorce process. It is absolutely critical to protect personal data during and after an Illinois divorce. 

Some high asset divorce cases become very ugly

For Illinois couples who have accumulated significant wealth, sorting out the details of a divorce settlement can be a challenge. Many high asset divorce cases also have a degree of contention between parties, although that strife usually abates as the process wears on and both sides begin to focus on their new lives. In some instances, however, wealthy couples behave in astonishingly negative ways during and after a high asset divorce.