High asset divorce case continues after passing 7-year mark

by | May 20, 2016 | Firm News, High Asset Divorce |

Many people have likely seen a commercial on TV for the Cancer Treatment Centers of America. The founder of the centers has been in the midst of a divorce for the last seven years.

The couple married in 1991 and according to the husband, there is a prenup that states how much the wife is to receive each month and she is to receive a house if there is a divorce. The judge even ruled that the prenup is valid, but the wife is arguing that some of the jointly owned property still needs to be divided.

The actual marriage was dissolved earlier this year, but the case continues. There are 10 properties — some of which are real estate — that the court will need to determine who owns. The two sides are still disagreeing about how much they disagree on, too. The wife’s attorney says there is only about 20 percent of the couple’s issues agreed upon. The attorney also said that paperwork about an alleged $12 million donation to a political action committee has not been produced yet.

Even if the property division is completely resolved, the amount of spousal maintenance will need to be set. One has to wonder how many years that will take to settle. The judge has said that if a settlement is not produced by June 8, the case will go to trial.

If you are involved in a high asset divorce, you likely can sympathize with this report. However, not every divorce takes seven years and then some to get through. An experienced attorney can help move your case through the Connecticut courts while working to protect your rights and interests.

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


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