Category: High-Asset Divorce

It’s hard to note what Dr. Frasier Crane, noted radio psychiatrist, would think of a couple’s lingering sniping and acrimony nearly two years following their divorce. Then, again, Crane is a fictional character played by actor Kelsey Grammer, the real-time participant in the continuing drama that plays out with his former partner, Camille. The couple […]

Continue reading Kelsey Grammer, ex-spouse finally settle asset, custody issues ...

Well-known and widely popular actors Danny DeVito and Rhea Perlman are known by millions of people for more than just their acting chops. In a town and industry where marital constancy seems rare and celebrity high-asset divorce seems far more the norm, the couple’s long-tenured union has often been cited by interviewers and reporters. In […]

Continue reading Devito/Perlman split indicative of growing “gray divorce” trend ...

The popular perception may be that upper-income people have no money worries, even if they get divorced. But that perception is often wrong. Psychologists and social scientists are starting to study how post-Great Recession economic trauma affects rich as well as other income groups. In fact, rich people whose fortunes were closely tied to the […]

Continue reading The Recession and High-Asset Divorce: Research Points to Connection ...

High-asset couples and those of more modest means often have different types of money issues to resolve in a divorce. No matter how sound your financial status seems, however, it makes sense to take a good, hard look at what the end of your marriage is likely to do to your finances. In particular, how […]

Continue reading Credit After Divorce: What About Your House? ...

Trust can break down in a contentious divorce. Sometimes it happens slowly, over an extended period of time. In other cases, it can happen suddenly, when you realize that your spouse has been misleading you. When misleading behavior concerns finances, it can be so egregious that it is known as financial infidelity. This doesn’t only […]

Continue reading Financial Infidelity and Divorce: Some Ways to Protect Yourself ...

Some divorces are amicable. Others, however, are fraught with storm and stress. And when you are in the midst of storm and stress, it’s easy to make mistakes – including serious financial mistakes. This post will look at one particular mistake: spending too much money on your kids. This can happen all too easily in […]

Continue reading Giving Gifts to Children, Before or After Divorce ...

If you think you might be at a saturation point with Tom Cruise, just wait. That is the assessment of a number of media analysts in the wake of the recent announcement that Cruise and his wife of five years, actress Katie Holmes, are getting a divorce. “Over the next two to three weeks, every […]

Continue reading One Cruise-Holmes divorce certainty: page-one media attention ...

One particular point prominently jumps out in a newspaper’s examination of some of the most expensive and high-asset divorce settlements in history. That is this: If you are a would-be business tycoon and have a goal of securing an immense amount of wealth, sign a prenuptial agreement with your partner before that outcome is realized. […]

Continue reading A look at some of history’s truly pricey divorce outcomes ...

Perhaps the first thing that all newly signed professional athletes should do — actually, should arguably be required to do and certainly in advance of entering into marriage, buying a house, investing in a business or executing marketing contracts — is participate with full energy and focus in a financial workshop aimed toward helping them […]

Continue reading Divorce, support, other matters: Problems persist for some athletes ...

In a high-asset divorce, the numbers are relative. In other words, a given divorce proceeding entailing what most people might deem as significant realty and personal assets can be easily eclipsed by one that follows it and features an even weightier property division. The details concerning some celebrity divorces certainly bear this out. Take Kobe […]

Continue reading Kobe Bryant and others: High-asset division in celebrity divorces ...