How Can a Divorce Affect a High-Income Earner?

Remember, if you are a high-income earner, you are going to want to work with a family law attorney with immeasurable experience when you are seeking a divorce. The failure to do this could result in tremendous losses. Photo of business in divorce

If you have a remarkable financial portfolio, then you will want your assets distributed as fairly as possible in a divorce, while protecting yourself. Make sure you speak to our attorneys if you have worried about keeping properties or investments, or are concerned about issues like alimony or spousal support payments.

A Costly Divorce

Updating a blog post we brought you last fall, the ex-wife of oil baron Harold Hamm, Sue Ann Arnall, reportedly turned down a handwritten check for $974.8 million to settle the couple’s bitter divorce.

According to TIME, Hamm’s lawyer said that Arnall did not “want to risk the dismissal of her appeal” by accepting the full amount of what he owed her.

Last year, a judge approved the payment, however, Arnall has appealed the decision, because “it pales in comparison to the $18 billion fortune Hamm has amassed through oil drilling company Continental Resources,” according to the news outlet.

Hamm also appealed the amount, saying that it was far too high.

Speaking to a Divorce Attorney about Protecting Your Assets

You can speak to attorney Paul B. Goldhamer if you have concerns about protecting your assets in a divorce. As this case shows, one of the most difficult aspects of a divorce is the division of marital assets. If you have items that you would like to discuss saving, including property, retirement accounts and/or business investments, speak to Paul today. He can help you through this process.

If you are experiencing issues with your marriage, let our firm arrange your initial consultation.

Kantrowitz, Goldhamer & Graifman, P.C. – Divorce Attorneys

Source: http://time.com/3658100/harold-hamm-divorce/


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