High-Asset Property Division: Some Recent Examples
Actress Jane Seymour and her former husband James Keach recently reached an agreement involving their high asset property division after separating in 2013. The couple had accumulated substantial assets during their 22-year marriage.
How Couple Divided Their Assets
Under the terms of their high asset property division, Jane Seymour will get the former spouses’ Malibu home, their estate in England, and $132,000 in cash. Her ex-husband will get their season tickets to the LA Dodgers’ games. The two will divide other assets including:
- Sherwood Country club membership
- 100 gold South African Krugerrands
- 100 Canadian Maple Leaf coins each with an estimated value of $1,000
- Future earnings of two films that they co-produced
Dealing with Property Division in Divorce
Distributing properties can be complicated because there are rules that determine when a marriage begins and ends from a financial standpoint. Separating couples can also experience animosity when assets are being discussed, particularly when high-value assets are involved.
In such cases, it is important to engage the services of an experienced family law attorney who not only knows how to determine which properties are marital assets, but also the fiscal consequences of the segregation.
Assets not only cover cash and real estate but also intangibles such as shares of stock, intellectual property rights, royalties, and life insurance.
The US Governor
In another recent example, that of a United States governor’s marital assets division, his ex-wife obtained one life insurance policy, half of a retirement account, and the right to live in their former home for the next 2 years.
These two cases illustrate how no two cases are alike when it comes to high asset property division. Parties are generally allowed to enter into agreements between themselves, but it is absolutely essential for you to be represented and counseled by an experienced Clearwater family law attorney to ensure that your rights are upheld.
Representing Residents in Clearwater and Other Locations in Florida
In Clearwater, Palm Harbor, and New Port Richey, Florida, the Law Firm for Family Law headed by Gary E. Williams has years of experience in over 1,800 cases of divorce and high asset property division. Mr. Williams is a board-certified expert in Marital and Family Law in Pinellas County, as well as a Florida Supreme Court certified Family Law Mediator.
Known for his professionalism, integrity, and passion for truly helping clients who are going through the emotionally challenging time of a divorce, Mr Williams has helped families obtain favorable outcomes in order to move on with their lives.
We invite you to call us today at (727) 531-8737 to find out how we can help you.