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Divorce legal issues a concern as wealthy couple splits


When a couple chooses to part ways in Philadelphia, there are many divorce legal issues that must be hashed out. Any divorce can be difficult, but the concerns are magnified in a high asset divorce. Whether there were prenuptial agreements or not, numerous factors must be accounted for when a wealthy couple with an extensive financial portfolio decides to end their marriage.

A 56-year-old hedge fund manager and his 55-year-old wife have separated. They have not yet filed for divorce, but they have informed friends that the marriage is over. The man is known as one of the most well-compensated hedge fund managers in the world. His net worth is an estimated $10 billion. The couple has been married for 28 years and has three grown children. The man is a minority owner of the NFL's Pittsburgh Steelers. The couple has numerous properties and is known for their philanthropy. They are hoping to resolve their marriage amicably.

With some divorces, the issues are settled without rancor or extensive disagreement. If there are children involved, the couple will agree to alimony, custody and visitation and there are no problems. In other divorces, the couple fights over everything from who will get the children, what will become of property and how the assets will be divided. It is important to try and make the process go as smoothly as possible especially in the case of a high asset divorce. People need to understand their rights and how to best allocate the assets while making the transition as smooth as possible for the spouses and their children.

In this case, there is a massive amount of money and property at stake. While the couple states that they're separating amicably and have yet to legally file for divorce, it is imperative that they bear in mind the numerous variables that can arise when it comes to divorce legal issues. The best way to do that is to discuss the matter with an experienced legal professional with knowledge about these kinds of proceedings.

Source: Daily Mail, "World's highest-paid hedge fund manager worth $10 billion splits from his wife of 28 years," June 10, 2014

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