New York is home for many rich, famous Americans, as well as for other people from around the globe. However, when it comes to divorce battles, New York often witnesses high-profile couples ending their marriage. While there may be a number of such high-asset divorces in New York courts, one divorce battle that recently received a lot of media attention is that of Hollywood stars 65-year-old Richard Gere and his estranged wife, 54-year-old Carey Lowell.
New York residents may agree that high-asset divorces often tend to be highly contentious because of the large amount of money that is at stake. In fact, it isn't difficult to come up with some examples of high-profile couples - the Hamms and the Griffins - who recently ended their marriages with the asset division agreements going into millions or billions of dollars. Surprisingly, even after such huge settlements, the parties were not satisfied and chose to pursue further action to obtain more money.
When a high-profile couple divorces, it is difficult to avoid the media proliferation that inevitably results. Almost everyone is interested in the lives of high-profile couples and any aspect of their lives becomes public quickly. Recent news of a celebrity divorce involves a former Miss New York USA beauty queen and a rock musician.
Although New York has one of the lowest divorce rates in the country, the national rates are still troubling in the United States. And the divorce process is complex for high net worth individuals, as the recent conclusion of Jennifer Lopez and Marc Anthony's high-asset divorce proves. The divorce, involving high net worth assets and other marital property, was settled through prolonged negotiations and a complex asset division process.
Formally severing any marital relationship through divorce may involve certain complexities and legal requirements. However, the divorce of a couple who shares a huge amount of marital assets that must be identified, categorized and divided fairly between the two defines the very nature of a high-asset divorce.
Couples in New York understand that marital problems can become life-altering. Most like to keep these issues private, but this is not easily done for high-profile couples. Often, the media and tabloids will cover their marital problems. This could lead to complex issues while the celebrity couple deals with their high-asset divorce.