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Posts tagged "High Asset Divorce"

Rudy Giuliani divorce proceedings show lavish spending habits

Most people in New York know who Rudy Giuliani is as he has been a prominent figure especially since he became mayor of New York City. Many people may also know that he is currently going through his third divorce. Mr. Giuliani has earned a lot of money over the years and his lavish lifestyle was shown during a recent hearing. His wife is seeking her fair share of the fortune that he has amassed over the years as well as $63,000 a month in spousal support.

The complexities of dividing stock options in a divorce

People have many different types of jobs in New York. While most people are paid for the work they perform, how they get paid and how much they earn can vary. Some are hourly employees and are paid based on the hours they actually work. Others receive salaries and are paid a certain amount regardless of how many hours they actually work. However, in addition to base pay, people may also receive benefits, bonuses and other forms of extra compensation for their work.

Guitarist Slash reaches a settlement in his divorce

Many people in New York are fans of the guitarist Slash who rose to fame with the band Guns N Roses. The band had a very successful career as well as Slash individually in other musical projects. Due to this success he has amassed a large fortune. However, this fortune will be a little smaller after reaching a settlement is his divorce from his wife of the last 13 years.

How are businesses divided in a divorce?

Throughout a marriage couples in New York can acquire many different things. These assets can grow in number, value and variety the more a couple earns during the marriage. That is why the asset division portion of high asset divorces can be such a complicated process. Couples with many assets will first have to go through the process of finding all the assets that they may own and then they will have to value those assets, which can be very time consuming as well.

Matt Lauer reportedly close to finalizing divorce

Many people in New York are familiar with Matt Lauer, the long-time host of the "Today" show. Many people are also aware of the circumstances surrounding his firing from that show, as well as the reason that he is now going through a divorce from his wife of 19 years. The couple has three children as well as a very large estate due to Lauer's successful career. Reports have recently surfaced that the couple is now close to resolving the divorce. According to the reports, Lauer would be giving his soon-to-be ex-wife approximately $50 million in assets.

Hedge fund manager in New York locked in contentious divorce

People in New York have varying levels of income and assets. Based on these incomes, people live very different lives. Some are able to live lavish lifestyles, live in expensive homes and take expensive vacations. Others make enough to get by, but may not be able to afford some of the extravagances that wealthy people can afford. Just like people's lifestyles are very different, people's divorces are also very different based on their income and assets.

How can you find hidden assets in a divorce?

While people in New York are married, they may share everything whether they realize it or not. For the most part, it does not matter which spouse earned the income, paid the bills, purchased various assets, which name the bank accounts were in or who incurred debts. So, if the couple divorces, they will split all marital assets no matter which spouse actual owns the assets in name. This can become a contentious issue in divorces, especially in high asset divorces when there are many assets to argue over.

Donald Trump Jr.'s wife received large inheritance before divorce

President Donald Trump is not the only person in his family who has been in the news in New York recently. His son, Donald Trump, Jr., has also been in the news because his wife recently filed for divorce. The couple has been married since 2005 and have five children together. They also are very wealthy and apparently his wife recently came into even more money after receiving a significant inheritance from stock her deceased father owned.

Role of a forensic accountant in a high asset divorce

No matter how many assets people have, if they end up divorcing they will need to go through the process of dividing their assets. It can be much more complicated though in a high asset divorce. Not only do people in this situation have a large amount of assets, those assets can also be complicated to divide. People may own various properties, businesses, collectables, investments, stock options and other assets. Many times, it is difficult to even value these assets and people going through a high asset divorce may need to utilize a forensic accountant.

Actor Jim Belushi to divorce after 20 years of marriage

Jim Belushi has been in the entertainment industry for a long time and many people in New York are familiar with his various shows and movies. He has been married for the last 20 years, but his wife just recently filed for divorce. While she does not state many specifics in the paperwork she filed with the court, she indicates that she is seeking spousal support and joint custody of the couple's two children. However, there are many more issues that will need to be resolved in their divorce as well.

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