It will come as no shock to anyone that some marriages in Illinois and across the country will end. Though all couples who choose to marry likely do so with the intent of spending the rest of their lives together, the reality is that some relationships will end in divorce. Unfortunately, some women may be at a financial disadvantage.
The decision to end a marriage is often one that is only arrived at after a great deal of reflection and consideration for couples in Illinois. Once that decision is made, a person who has decided to seek a divorce may often feel like he or she must gear up for battle. However, the process does not have to be contentious, and many people choose to set the tone of the events that are to follow in the initial conversation about their decision.
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.
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.
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.
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.
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.
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.
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.
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.