When wealthy couples divorce, the legal proceedings can be trying. This has little to do with the state of the relationship but the difficulty that comes with complex asset division. Larger estates and more wealth may mean there is more to divide, which can be tricky. But dividing property in small estate can still present some complications
Minnesota readers may have heard that former news anchor and reality television star Dina Eastwood filed for divorce from her famous husband Clint Eastwood. Dina reportedly filed the petition in California the other week. It was reported earlier in the month that Mrs. Eastwood had submitted separation papers only to withdraw them. The petition cites irreconcilable differences. The couple has been married for 17 years.
According to the divorce petition, Dina has requested physical custody of the couple's only daughter who is now 16. Dina and the couple's daughter Morgan were both featured on the E! reality show Mrs. Eastwood and Company. While Dina initially requested physical custody of their daughter, she has reportedly offered to share legal custody. The petition also reportedly asks the court for alimony. It is not known if the Eastwood's have a prenuptial agreement.
A divorce asset split is one of the most difficult and technically sensitive aspects in a divorce. With so much at stake it is essential divorcing couples hire attorneys experienced in complex asset division. While a good attorney can help in many ways, the best way to protect assets is with a prenuptial agreement. From dividing complex financial holdings to protecting business assets, a prenuptial not only saves money, it saves time.
Source: CNN, "Clint Eastwood's wife files for divorce," Alan Duke, October 25, 2013
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