According to BestColleges, the cost of a college education has soared since 2000. While average annual tuition was around $8,000 at the turn of the millennium, this number has increased beyond $14,000 in the modern era. Here’s the obvious question: Who pays the bill? Some might argue that students should simply get loans, but this debt…
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South Korea is playing an increasingly central role in pop culture across the entire globe, with many nations appreciating various aspects of its culture. This includes K-pop, technology, food, and film. South Korea is also home to some of the richest people on the planet, including billionaire Chey Tae-won. Today, this wealthy businessman is drawing…
DetailsIn an ideal world, each divorce would neatly resolve all property division disputes – allowing ex-spouses and family members to move on with no unanswered questions. As various cases have shown us again and again, this just isn’t how the world works. The most recent incident involves convicted murderer Phil Spector, his ex-wife, his daughter,…
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Over the past few years, Russian billionaires have certainly earned their fair share of criticism in the West, and a London divorce court is currently causing a serious headache for Vladamir Potanin. As Russia’s richest man, Potanin has predictably been sanctioned by the West – and his divorce trial has all the trappings of a politically…
DetailsThere is no shortage of celebrity divorces in Hollywood, and in that sense, Ariana Grande’s recent split is nothing out of the ordinary. On the other hand, there seems to be a trend emerging among high-net-worth women who marry men with much lower earning capacities. Simply put, these marriages rarely work. Why is this the…
DetailsWhile divorce in the United States is governed by a non-religious family court system, there are situations when religion plays a major role in the dissolution of marriages. One obvious example is a so-called “Jewish divorce,” as orthodox Jews must follow a number of mandatory steps when pursuing a divorce. In some situations, these steps…
DetailsIn most cases, an American’s personal life is kept at a healthy distance from their business activities. If a person creates a corporation or an LLC, they can shield their own personal assets if the company is sued – or vice versa. And if something goes horribly wrong with their marriage, they can expect to…
DetailsFor decades, London has drawn in many divorcing spouses who wish to take full advantage of the city’s extremely favorable family courts. As it currently stands, the system provides numerous advantages to spouses seeking settlements from high-net-worth individuals, and these advantages have become well-known across the globe. From the wives of Arab sheiks to the…
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One of the many reasons spouses tend to avoid litigated divorces is the fact that these trials go on public record. All kinds of things may be revealed by litigation, including allegations of marital misconduct, child abuse, domestic violence, substance abuse, and so on. But these trials may also reveal alleged instances of financial misconduct,…
DetailsCelebrities face especially high losses in the event of a divorce. Why? Because they own more assets than the average person. Even those who create prenuptial agreements before marriage will likely have to part with serious sums. While assets may be protected to a certain degree, child support and alimony are often unavoidable. Recently, there…
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