An incredibly complex divorce is underway in Kentucky. This divorce involves a former Sheriff, his wife, his children, and more than one alleged mistress. Virtually all of these individuals reportedly reaped the benefits of unrestricted access to taxpayer funds and a non-profit organization. As such, the divorce is tied up with allegations of fraud, conspiracy,…
DetailsWhen you hear the phrase “digital asset” in the context of divorce, your mind might immediately jump to cryptocurrencies. However, while crypto is becoming an increasingly central topic in American divorces, this is not the only digital asset spouses need to be aware of. There are also many other assets that only exist in the…
DetailsAccording to the Chicago Tribune, about 10% of all US families own a vacation home, a campsite, or a plot of vacant land. Many spouses love getting away for a weekend at the cottage or cabin, but what happens in the event of a divorce? Dealing with these second homes may be more complex than many…
DetailsAccording to Federal Reserve data, 60% of Americans hold equities. The same Federal Reserve data indicates that approximately 60% of Americans hold real estate. During a divorce, spouses are likely to fight over at least one of these asset types. In many divorces, however, both assets are “on the chopping block.” Assuming that real estate assets are…
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Celebrity divorces provide for great gossip, but they can also provide us with interesting insights into complex asset division. Whether these high-net-worth individuals are dividing shares in a multi-billion-dollar tech company, music catalogs, pension funds, or even the family dog, these very public affairs help us understand how courts rule on various issues. Three recent…
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One of the most interesting aspects of the United States is that each individual state has the ability to make its own laws. Sure – this can lead to serious variation between states, but it also allows people to have a say in how issues are handled in their local areas. Among other things, divorce…
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For spouses that invest considerably in the stock market, divorce can cause all kinds of complications. One of the most important questions you need to ask yourself is whether your stocks will be considered property or income. Although you might think that the answer to this question is fairly straightforward, the truth can be a…
DetailsThink of all the copies of John Grisham novels that sell in airport convenience stores and all the Rolling Stones songs that play every day on oldies and classic rock stations now and that used to play on Top 40 radio stations when you were young. Now think about all the money that Grisham and…
DetailsYachts are common assets among the super rich. Some are truly spectacular, achieving the status of “mega yacht” or even “hyper yacht.” Some even have their own detachable submarines, while helicopter landing pads are becoming more and more popular by the day. All that aside, it is clear that yachts can be a drain on…
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If spouses are lucky enough to own property in this era of massively inflated prices, it becomes a major focus in a divorce. Each spouse will have a vested interest in draining as much value out of this property as possible. In fact, a family home represents the most valuable asset in the family estate…
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