High Asset Divorce Archives

Transparency of marital assets in divorce

Florida couples contemplating divorce might know that property division is based on a clear understanding and listing of marital assets. When marital assets are clearly identified and valuated, property division may begin. When the divorcing spouses are high net worth individuals, assets may be greater and harder to find as they are often more complex and not always easily divided.

Former OMB director Peter Orszag in child support dispute 

Single parents in Florida that may get involved in child support disagreements may want to review details of a dispute that involves the former director of the Office of Management and Budget for the White House. After leaving public service, Peter Orszag became a high-ranking executive with Citigroup in 2011.

Billionaire to keep controlling interest in his oil company

Floridians who pay attention to Forbes' list of Global Billionaires may be familiar with Harold Hamm, founder of Continental Resources and number 68 on the list. Hamm made the news recently when an Oklahoma District Court Judge ruled in Hamm's favor in his divorce proceedings. The divorce filings for Hamm and his wife became public last year, and the trial phase of the divorce is expected to begin in July. As is the case in most high net worth divorces, Hamm stood to lose a lot of money depending on what the judge considered to be marital property and pre-marital property.

Rupert Murdoch finalizes divorce with third wife

Florida residents may remember hearing in June 2013 that Rupert Murdoch, the chairman and CEO of 21st Century Fox and News Corp., filed for divorce from his third wife of 14 years. Now the media mogul is finalizing the divorce with a negotiated settlement. The terms of the settlement have not been released to the public, but there are some rumors as to how the assets are being divided.

Divorce settlement meetings

Some Florida couples who are preparing to divorce may be interested in trying to resolve some of the issues amicably. In order to do that, spouses often agree to hold a settlement conference. A few helpful hints may be able to help people prepare for that meeting and have a more productive experience.

The use of experts in a divorce case

Although many divorces in Florida and elsewhere start off on a relatively amicable basis, couples frequently are unable to agree on certain issues. On such occasions, the testimony of experts is often relied upon to come to a determination. These professionals can be separately retained by either or both spouses or appointed by the court. In either case, expert testimony is considered reliable and admissible, and there are several types of experts that often play a role in these matters.

Infidelity and divorce

While infidelity of a spouse during marriage is often the reason that the other spouse decides to file for a divorce, it is not always considered as a factor in the ensuing legal proceedings. The role that infidelity plays depends upon the laws of the state that has jurisdiction over the matter. Adultery is considered as a cause for a divorce in a number of states, but many states including Florida have abolished fault as a ground for divorce.

Splitting up retirement assets in a divorce

People in Florida who are considering getting a divorce often want to get the process over with as quickly as possible so they can put all the emotional baggage behind them. However, in their hurry to do so, they might make the mistake of putting off settling important issues such as splitting up retirement assets. Financial advisors say that doing so could prove to be a big mistake.

Ex-wife loses out on $1 billion profit of team's sale

Florida MLB fans may recall that ownership of the Los Angeles Dodgers transferred hands in 2012. Recently, a judge ruled that the ex-wife of Frank McCourt, the erstwhile owner of the team, did not have a legal basis to share in the profits of his sale of the team, which occurred after the couple's divorce was final.

The Law Office of Forrest & Forrest, PLLC represents individuals in Fort Lauderdale in high-asset divorce matters. Daniel Forrest is board-certified family lawyer and mediator serving the South Florida area.

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