Getting divorced is never easy, no matter who you are or what you have with regards to assets. This is why stories of celebrity divorces are often plastered across news outlets. As tired as some of us may get of hearing about celebrity breakups, there is a lot to learn from them. Though these famous individuals may have a significant amount of assets, the same rules of divorce apply. So, if you are considering a divorce or are about to go through a high asset divorce, then you may be interested in hearing how these celebrity divorces pan out.
For example, actor Gary Oldman recently finalized his fourth divorce, officially dissolving his marriage to singer Alexandra Edenborough. As part of their settlement, Oldman agreed to pay Edenborough $3.3 million and to divide their remaining assets. Also part of their agreement, the couple agreed to retain rights to each of their own entertainment ventures, meaning that the other will not derive income from their entertainment successes.
It is unclear at this time if the settlement was part of a prenuptial agreement, but since this is Oldman's fourth divorce, it is possible that such an agreement was in place. Regardless, in this instance, Oldman and Edenborough, and those who find themselves in similar situations, have to figure out how to divide their assets in a way that is equitable, which is not necessarily equal. This means that a couple will have to figure out how to handle real estate, retirement plans, marital property and personal property.
This can be done through a prenuptial agreement prior to tying the knot or during the divorce process itself. Addressing these issues can be difficult, oftentimes resulting in a dispute that is hard to settle. Yet, by going into negotiations prepared with knowledge and the assistance of a legal professional, a divorcing individual may find it easier to deal withdistributing assets. Obtaining guidance through this and other legal divorce issues could help divorcing couples reach a fair and timely resolution.
Source: USA Today, "Actor Gary Oldman's fourth divorce finalized," Oct. 2, 2015