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Resolving disputes creatively

New York real estate mogul's high-asset divorce finalized

When a marital relationship comes to an end, the parties involved often face a difficult and traumatic period. The situation can be even more stressful in a high-asset divorce. Since equitable asset division is an important part of a divorce proceeding, all the assets owned by the husband or the wife need to be subjected to asset valuation, classified as marital or non-marital assets, and then divided equitably between the parties.

A high-asset divorce took place recently in New York between a real estate tycoon and his wife. Although one of the reasons behind the divorce was the wife's alleged involvement with a friend of the husband, which made the entire proceeding quite a delicate one, the settlement and custody issues, including asset division, have apparently been resolved without much discomfort and the ex-husband says he has moved on with his life and business.

In the divorce of a high profile couple, sophisticated financial analysis may end up playing an important role. Valuation of real estate, investment accounts and similar assets requires the involvement of legal and financial professionals who understand the issues involved. If there is a prenuptial agreement, these issues can be simplified-as long as the prenup is deemed enforceable.

A high asset divorce need not always be a difficult and long-drawn process. The process can be complicated, but if the couple seeks experienced legal counsel and makes an effort to be civil to each other, the asset division may be resolved in a relatively amicable and hassle-free manner.

Source: celebuzz.com, "Lauren Silverman's Ex-Husband Opens Up About What He Really Thinks About the Simon Cowell Cheating Scandal," Andrea Simpson, March 26, 2014.

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