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Wealthy couples and divorce

On Behalf of | Jan 14, 2019 | Divorce |

When wealthy couples in Georgia get a divorce, their process of property division may be far more complicated than that of most other couples. The divorce of Amazon founder Jeff Bezos from his wife MacKenzie is one example, although since Washington is a community property state and Georgia is not, there are some differences.

Bezos, the richest man in the world, may lose that title if he and his wife split the company 50/50. In an equitable division state like Georgia, the split might go differently. A number of factors would be taken into account. Among these might be how much time each person spent building up the business. In a high asset divorce,, the division could be 75/25 or even more uneven. One person might get a relatively small percentage of the wealth, but that could still be a significant amount of money. For this same reason, there might be no alimony payments since the divorce settlement itself may be so large.

According to some family law attorneys, high asset divorces are not any more prone to conflict than other types. They do tend to lead to out-of-court settlements since the couple usually seeks privacy.

If one or both spouses own a business, the first step is to get it appraised. Once there is an agreed-upon value, the couple can decide whether they will keep the company or sell it. One person might also buy out another. There may be other assets, such as an art collection, that need to be appraised as well before the couple can move forward with dividing property.


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