How long before country singer Jason Aldean writes a song about divorce? He should be able to write one once his divorce is finalized. Many Minnesotans can relate to Aldean's music and now his divorce. With the divorce rate at 50 percent, country stars are also susceptible to separation. Just like many other celebrities marriages, a high net worth divorce is likely to arise.
High Asset Divorce Archives
With spring finally arriving this week after a brutally long Minnesotan winter, many residents are ready to finalize their divorce so they can get on with their life. After a one and a half year long divorce battle, Kim Kardashian and Kris Humphries have at last finalized their high asset divorce. Kim is best known for...well being Kim while Kris is an NBA star. The couple was wed back in 2011 but later decided to call it quits after only 72 days of marriage.
With spring finally arriving after one brutally long winter, many Minnesotans are kicking off the winter blues and ready to enjoy the warmth of spring. Just like the ending of winter, many Minnesotans have thought about calling it quits with their marriage and moving on. Recently billionaire Harold Hamm decided to split from his wife. The high asset divorce is likely to be the world's most expensive divorce.
Divorce comes with emotional trauma and financial issues to be dealt with. In Minnesota, the couple has to plan on asset division, child custody and alimony. During a high net worth divorce, the couple should first review the prenuptial agreement, if one exists. These agreements are important because they detail out the property and financial division in the event of a future divorce. If there is no prenuptial agreement in place, the couple may have to divide the assets equally.
Most of the newspapers in Minnesota cover celebrity divorce stories. The money, property and assets make the people involved in a high net worth divorce make decisions that may not turn out to be good for them or their children.
Minnesota residents may be aware that a divorce may be the option for various reasons. These reasons may be best known to the parties dealing with a divorce. Although people try to save their marriage at all costs, sometimes marriages end in a few months while some may take years. Social media website users may be well aware of the separation announcement of the National Association for Stock Car Auto Racing driver Danica Patrick. Recently, this high net worth divorce was filed in court.
Divorces that involve high asset individuals are always complicated and interesting to watch. If such a high net worth divorce concerns a celebrity, publicity makes the divorce proceeding more interesting. Such is the case with the divorce of celebrity couple Bethenny Frankel and Jason Hoppy.
The long, drawn-out battle over child custody and complex asset division between the celebrity couple Kelsey Grammer and his ex-wife Camille has finally come to an end. Minnesota readers may be interested in knowing that the issues in the high net worth divorce have finally been resolved after two years of conflict.
In a high net worth divorce case, accounting for assets and determining ownership can be tricky. This is one of the main reasons why the court often participates in establishing the guidelines and procedures for dividing assets. A tentative ruling in the high net worth divorce case of a car dealer and his wife are a good example of when judicial intervention is helpful and necessary in dividing assets.
Divorce is a difficult time for any Minnesota resident, no matter how amicable or well organized the process is. After divorce, a significant challenge for many couples going through a complex asset divorce is figuring out insurance coverage for both spouses. Insurance may be an afterthought to some people, but the reality is that many families choose to get insurance through a spouse's employer and that coverage doesn't automatically continue after a divorce.