The founder of the $20 billion investment company Citadel LLC has initiated divorce proceedings with his wife of 11 years, who didn't know of his decision ahead of time. The couple had been separated for a year, and the filing asked for joint custody of the couple's children. While the founder wanted to share custody of children, he was less inclined to share wealth. A prenuptial agreement the couple signed in 2003 stipulated that Citadel's assets would be protected from any property division in the event of divorce.
Social media helps catch non-paying parents
In some Arizona family court cases, noncustodial parents will work hard to pay child support for their children. Depending upon a noncustodial parent's income, the child support amount paid can be large or small. In some instances, though, a noncustodial parent may misrepresent his or her earnings in order to avoid having to pay child support at all. While some of these cases are hard for the legal system to prove, some parents are not careful with concealing their true income.
Handling unique divorce property division issues involving a home
Arizona couples who own a home together may be interested in an article discussing some of the issues related to property that might come up during a divorce. If the correct steps are not taken, one of the parties may be stuck paying for a house that they no longer live in.
Avoiding common divorce mistakes
Since 1990, the number of adults over the age of 50 in Arizona and around the country who have gotten a divorce has doubled. The number of people over the age of 65 who have gotten a divorce has also increased significantly in recent years. However, there are many things that those who have gotten a divorce wish that they had known before they had their separation finalized.
Frank McCourt wins divorce legal fee fight
Arizona fans of the L.A. Dodgers may remember former owner Frank McCourt's 2012 sale of the team for $2 billion. While the sale might lead some to believe that McCourt is doing extremely well financially, financial turmoil in the form of a lawsuit and post-divorce issues have also managed to find him. McCourt and the Dodgers are currently facing a lawsuit for over $36 million filed by a man who was allegedly attacked in the Dodgers stadium parking lot. In addition to selling the team, he also divorced his wife of almost 30 years, Jamie McCourt, that same year.
