Divorce equates to a death, the death of the relationship. When a couple gets a divorce it impacts not only the couple but also the families, friends and loved ones of the couple. It is a difficult time for all involved and an extremely emotional time as well. In most cases, divorce is a welcome resolution to a familial situation that has already eroded. Although no one gets married with the thought of getting a divorce, the truth of the matter is that it happens rather frequently.
It is hard enough to go through a divorce privately without a whole lot of outside interference. For those who are in the public eye, having to deal with all that comes with a divorce can be even more heart wrenching and troublesome because everyone is watching. Khole Kardashian, a television personality, and Lamar Odom, a NBA player, are getting a divorce. Kardashian filed for divorce citing irreconcilable differences. The problems between the couple are well documented and well publicized. Because both are rather wealthy, this will most likely end up being a high asset divorce.
Divorce is a legal proceeding whereby the courts are often involved. The parties have to file for divorce based on the state mandated timelines. When papers are filed, the parties to the divorce then need to handle all things that go along with it like alimony, property division, asset valuation and child support payments where applicable. The courts will only make determinations on these issues if the parties cannot come to an agreement on their own.
The complexities of a high asset divorce could also mean a lengthy and emotional process. The more the couple has, the more difficult it is to divide the belongings. In some cases, a prenuptial agreement will provide much assistance with this issue, but a spouse could still file a claim stating that the document is invalid.
Even though divorce is tough to go through, it may be the best answer in an unfavorable marital situation. The process can bring about many obstacles, emotions and surprises, but those seeking to reach an amicable divorce agreement should understand their options. This can help determine appropriate steps while also protecting their rights and interests.
Source: E! News, “Khloé Kardashian: “Heartbreaking” Divorce From Lamar Odom Is “Torture to My Soul,” Alyssa Toomey, Dec.18, 2013