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Millionaire’s high asset divorce takes seven years to settle

On Behalf of | May 26, 2016 | High Asset Divorce |

A divorce is not usually something people like to prolong. Going through a painful and contentious break up can be stressful, and most people in Pennsylvania would probably say they want it over as quickly as possible. When both sides disagree over the terms of a high asset divorce, a settlement may not be reached quickly.

When a multimillionaire and his wife divorced earlier this year, the argument was far from over. Although the marriage has been dissolved, the couple cannot reach an agreement on the division of assets. They have been battling for seven years. The ex-husband allegedly believes he has made a generous offer of what the average person would consider a fortune. His ex-wife seems to be insulted by the low proposal.

The couple signed a prenuptial agreement. The agreement calls for a certain amount of money to be paid to the wife in the event of a divorce, but her attorneys hold that there are 10 properties that should be divided because they are jointly owned. A judge has decided that the case will go to trial if a settlement is not reached by early June.

A historically long divorce may not be normal for most couples. However, it is not unusual for disagreements to arise concerning the division of property. This may be especially true in a high asset divorce. During the negotiation process, many in Pennsylvania find it comforting to have an experienced attorney who will stand up for their rights and work hard to get the best settlement agreement possible.

Source: Chicago Tribune, “Millionaire cancer center founder’s 7-year divorce back in court“, Robert McCoppin, May 18, 2016


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