Spouses who are approaching divorce often cannot wait to remove their exes as beneficiaries from their wills, trusts, and life insurance policies. And this logic makes sense. After all, who in their right mind would want to leave their fortune to someone who is no longer part of their lives? A spouse may feel even…
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Although all eyes are on Johnny and Amber’s epic defamation lawsuit, another divorced couple is quietly preparing for one of the most expensive divorce trials in history. John Paulson’s fortune makes Depp’s wealth look like chump change, and the hedge fund manager was said to be worth well over $4 billion in 2020. His ex-wife…
DetailsUnfortunately, divorce can lead to the liquidation of a couple’s most beloved (and expensive) assets. These situations are often difficult for everyone involved, but sometimes there just is not any other option. Liquidating assets becomes even more likely when the assets in question have no real utility, and so co-ownership would not really provide any…
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Some couples may have relatively few pieces of jewelry, preferring to spend the money on other items instead. Others may have accumulated a small fortune in jewelry over the years, and these collections can be worth millions of dollars in some cases. So, how exactly do you deal with jewelry during a divorce? In some…
DetailsWhen spouses seek to divorce celebrities or high-net-worth figures, they are often accused of doing it “for the money.” In order to dispel these rumors, some spouses announce that they are planning to donate their divorce settlement to charity, making it clear that they were not motivated by financial goals when ending their relationships. One…
DetailsIt is no secret that a divorce can reveal considerable financial information about a spouse. Due to the property division process, a litigated divorce essentially forces spouses to reveal virtually every little detail about their wealth. This includes their income, their tax information, their assets, their inheritance, and their debts. In most cases, these details…
DetailsThe slow but steady popularization of digital assets is starting to have a notable effect on divorce law in the United States. Once a rarity during the property division process, cryptocurrencies have become a fairly normal subject as spouses split their assets in the best way possible. For attorneys who have never dealt with this…
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