Posts Tagged ‘equitable distribution’
NEW YORK: Is Rosie O’Donnell getting divorced from Kelli Carpenter? If so, what are the legal issues?
"Rosie O'Donnell and Kelli Carpenter were one of the most famous married gay couples. But as of Tuesday, they are couples no more." That, if true, raises some legal questions. Such as: CAN THEY GET A DIVORCE IN NEW YORK? New York, unlike Massachusetts and a number of other states, does not allow same-sex marriages. But do they allow same [...]
NEW YORK: Diary of Asha Pabla Day Four: Is there going to be any money left?
Dear Diary, My husband's firm, Galleon Group, is in deep trouble. He doesn't say this but I can see it in his eyes. His people expect to be out of business before the end of the month. I read on a blog that he's "toast" by the end of the week, that everybody will pull out their money by Friday. Raj has been managing billions [...]
Military pensions and divorce
By New York Divorce Attorney: Back in May, I put this post in draft intending to get back to it in a few days of putting it up. Well, it's October now, five months later and I am only now pulling it out. And that is only because I found this post by a Kentucky divorce and family law attorney that saves me from having to write the post [...]
FLORIDA: Lisa Leder on why being a cougar has nothing to do with getting half the marital assets when you divorce
She's an alleged cougar who "went off the reservation" (George David quote about his wife Marie Douglas and I thought it was really original so I'm using it now), and now some people feel that Lisa Leder should not get half the marital assets as a divorce settlement from her mogul husband, Marc Leder, equity partner at the Boca Raton private [...]
Lisa Leder on divorce & business valuation for dummies
Business Valuation for dummies. Let's ask Lisa Leder (she's no dummy) to help us analyze how much her equitable share of Sun Capital Partners is worth. Divorce Saloon: Lisa, in your estimation, what is the value of Marc's company and what should you get as an equitable share in the divorce settlement? Lisa Leder: The VALUATION of my [...]
FLORIDA: Sun Capital Partners is equity firm of the year, 2009 but will Lisa Leder (Marc Leder’s wife) get an equity stake in the divorce?
Sure Sun Capital Partners was the hottest firm in Boca Raton in the 90's but they've been laying off people and having serious cash flow problems. That makes me worry for Lisa Leder wife of Marc Leder who holds 50% equity stake in the company. Lisa says the company is worth in the hundreds of millions. But Marc has offered her just $100 million in [...]
Billionaire Brit Slavica Ecclestone a self-made divorcee
Across the pond, folks know how to celebrate divorce with panache. Just ask Slavica Ecclestone, ex wife of Formula One billionaire Bernie Ecclestone. She just purchased a 35 million pound gulf stream jet (reportedly bigger than her husband's if you believe John Bolch of Family Lore Blog) so that she can jet to her favorite haunts in Africa, India [...]
NJ Governor Jim McGreevey lied during his divorce depositions; now he has to pay his ex-wife $50K post-judgment
I am not exactly stunned to hear that, in fact, former NJ govornor Jim McGreevey had not been totally honest during his divorce testimony a couple of years ago when he divorced his second wife Dina Matos following the eruption of the scandalous revelation that he was a "gay American" and had had a scandalous gay affair on the people's watch (and [...]
What happens if your spouse dies in the middle of the divorce action? Do you get equitable distribution?
EQUITABLE DISTRIBUTION; INTERVIVOS GIFTS; PROBATE; FORCED SHARE; ELECTIVE SHARE If your spouse croaks in the midst of your divorce (and you had $43 million bucks on the line) do you still get it? The short answer to that question is no. If your spouse dies before the judge has adjudicated the marriage caput? The divorce "abates." That means [...]
NEW YORK: If Ruth did divorce Bernie, what is the value of the marital assets she wants a piece of?
So, the Madoffs were not billionaires. I was reading on Reuters just now, that the Madoffs were worth in excess of $800 million as of the day before he was jailed. $800 million is nothing to sneeze at, of course. But in the grand scheme of things, when you compare them to a guy like say, R. Allen Stanford, or better yet, Warren Buffet, they were [...]
GUILTY! JAIL! Madoff enters guilty plea and is carted off to jail. Can Ruth sue her husband for wasting marital assets?
Bernard Madoff pleads guilty AND SENT TO JAIL!!! What will Ruth do now? Well, I guess Ira-genie-in-a-bottle-Sorkin couldn't pull this one off. He just handed his client over the the feds, hook, line and sinker. My God. Wasn't there anything he could have done but this? He let his client plead guilty to EVERYTHING. I expected Ira Sorkin to work [...]
Wall Street CEO’s switch property to their wives’ names; but what happens if they divorce?
Chrysler CEO Robert Nardelli, Ex Merrill Lynch CEO Stanley O'Neal, and former Lehman Brothers' CEO Dick Fuld are all CEOs who have allegedly transferred property into their wives' names for a very small sum, (or in legalese "consideration" sometimes as little as $100), even though the property is worth several million dollars. I wonder what [...]
Why the Janet Walsh case is a cautionary tale for Deborah Madoff and other trophy wives
Trophy wives are under siege! And all their earthly possessions could be confiscated when their Wall Street tycoon husbands get busted for fraud. The same is true for ordinary folks who make considerably less than these Wall Street honchos make, btw, but it definitely seems like it is open season on trophy wives. Janet Walsh married a tycoon [...]
Community Property vs Equitable Distribution states: what is the difference?
Most states in the United States of America are "equitable distribution" states. What that means is that if a married couple gets divorced in most states, the court will look to what is "fair" in dividing up marital property. What is fair is not necessarily going to be a 50/50 split in most states. It is going to come down to, among other [...]
Kidney Divorce: Long Island surgeon Dr. Batista loses bid to get his kidney back from divorcing wife
To keep it short and sweet, the Nassau County court ruled that Batista's kidney to his wife was a gift which he cannot get back. The decision even suggested that he had committed a crime by asking for it back, which is very interesting to me. I don't know if I would have gone as far as to say it was a crime. It was definitely off the wall. And I [...]
Mega Millions Lottery & Divorce: Have you heard of the Juan and Iris Rodriguez lottery divorce case?
Mega Millions lottery winnings & the Colombian immigrants Iris and Juan Rodriguez case circa 2004 Okay. Obviously, I didn't win Mega Millions last night as I predicted and so I won't be sailing off, somewhere, across the Caspian Sea to Mauritius just yet...But I am intrigued with this topic since it is one of the top searches in Google [...]
Loading ...