Carton & Rosoff PC-Attorney at Law
914-949-6700

Resolving disputes creatively

Actor Keegan-Michael Key officially divorces his wife of 20 years

Many people in New York are probably familiar with the actor/comedian Keegan-Michael Key. Fans of his are also probably aware that he was going through a divorce. He recently finalized his divorce from his wife of 20 years and will be paying her a significant amount in both spousal support and in the property settlement. The actor has made a significant amount of money in his career and will be paying his ex-wife $34,000 per month for spousal maintenance, at a minimum. His ex-wife also received approximately $655,000 in assets.

Each divorce is unique. Whether the couple has minor children or not has a big effect on the divorce. Also, the amount and nature of the couple's assets will determine how complicated the divorce will be for the couple. In a divorce like Key's, the asset division portion of the divorce can be the most complicated part of the divorce.

People who go through high-asset divorces first have to simply value their assets. These assets can be in various forms, such as homes and other real estate, stock and stock options, retirement accounts, investment accounts, collectibles, jewelry, businesses and other assets. The couple may need to utilize various professionals, such as property appraisers, forensic accountants and others, to determine the value of the assets. After the value is known the couple then can actually go through the process of dividing those assets.

Many couples in New York have a large amount of assets and, if they divorce, dividing these assets can be the most complicated part of the divorce. In addition to asset division, if one spouse made the majority of the income in the family, spousal support may be another major issue in a high asset divorce.

Source: nydailynews.com, "Keegan-Michael Key finalizes divorce settlement with wife of almost 20 years" Nicole Bitette, Nov. 16, 2017

No Comments

Leave a comment
Comment Information

Contact Form

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Carton & Rosoff PC
150 Grand Street, Suite 305
White Plains, NY 10601

Phone: 914-949-6700
Fax: 914-381-7158
White Plains Law Office Map

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.