The end of a marriage marks a new chapter in one's life and a chance for renewal. In Pennsylvania, married people understand that divorce can affect anyone, regardless of social status. Although it is easy for a couple to get married, a divorce takes time for the legal issues such as child support, child custody, alimony and property division to be settled.
A 1970s husband-and-wife musical duo, The Captain and Tennille, who are famous for their hits such as "Love Will Keep Us Together," are reportedly heading to divorce. Toni Tennille and Daryl Dragon were married for 39 years before they decided to go their separate ways. Some indication about their split is written on their website. The couple has no children.
In this case, the couple's divorce is probably a high-asset divorce because of their successful singing careers. The couple could have amassed a fortune during their careers, which may include marital houses, cars, savings and other assets. The property and assets will be subject to property division. To ensure fair and just division, the property and assets will be itemized and valued.
Honesty is a critical element in property division. Spouses should avoid hiding their assets, as it can make the entire divorce process lengthy and painful. A prenuptial agreement, if one exists, would outline how to divide the property and assets. However, the prenuptial agreement would have to meet the requirements set by the court in order for it to be enforceable.
Alimony is also an important issue in a high-asset divorce. Often, it is awarded to the lower-earning spouse in order for him or her to maintain the lifestyle to which he or she has become accustomed. The amount and length of the spousal support varies from state to state.
In Pennsylvania, divorcing spouses may wish to consider speaking with a knowledgeable family law attorney with questions and concerns regarding legal issues.
Source: Foxnews.com, "Captain & Tennille divorcing after 39 years of marriage," Jan. 23, 2014