It might be better to handle high-asset divorce cases quietly


A reported 50 percent of marriages end in divorce, so it is important to remember that in high-asset divorces, a Virginia needs to be discrete and not air "dirty laundry" with the public or with the media. This will not only help a high-profile couple handle things financially, like distributing assets, but also ensure that the couple does not face any embarrassment in public.

Take, for instance, the recent divorce of a high-profile couple, 38-year-old Christina Kelly and her 42-year-old husband, Sage. Sage, who is the head of banking at Jefferies & Co, has been accused of alcohol and drug abuse by his wife. She has even gone further with the character assassination, stating that once her husband urinated and defecated in his trousers at an office party. Christina also accused her husband of inducing her to sleep with a client while he had sex with the man's girlfriend. Another accusation was that one of their daughters had almost taken cocaine that was left on the table at their home. The high-profile couple has two children.

Sage has denied all the allegations made in this divorce case. One cannot be sure if there is any truth to these allegations, but it can be said for certain that is not the way to deal with things in a high-asset divorce case.

In another example, in the '90s, Steve Hilbert's wife had dealt with things in a more subtle manner. When she came to know that her husband had gifted a BMW to one of his girlfriends, she took a settlement in stock. After a while, Hilbert and the company he worked in, Conseco, suddenly went bankrupt. The directors were sued for a whopping $700 million. But by then, Hilbert's former wife had already remarried and was worth $100 million.

Source: The Daily Beast, "The Very Rich Should Divorce Very Quietly," Steven Hirsch, Nov. 6, 2014

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