When a marriage ends, there are many legal considerations to be dealt with, involving things such as child custody and property division. A high-asset divorce carries with it an added degree of complexity due to the extensive assets that need to be divided.
As readers in Fort Collins, Colorado, may be aware, Ashley Judd and famous race car driver Dario Franchitti’s 11-year marriage is over. The couple recently released a statement to the media that they agreed to divorce. The couple does not have any children, but both spouses have expressed their intent to remain close after the divorce.
Both members of the high-profile couple have busy careers, with the actress awaiting the release of a new movie in March. Judd is also reportedly considering running for the U.S. state to represent her home state of Kentucky. Her soon-to-be-ex-husband has won the Indianapolis 500 three times, with his most recent win coming last year.
With both partners having successful careers in their respective fields, it is expected that there will be significant financial and business assets that will need to be divided as they divorce. It is unknown if the couple signed a prenuptial agreement before getting married, but it could come in handy in a case such as this.
Anyone facing the prospect of a divorce involving extensive assets need to be fully aware of what happens in the property division process, and what his or her state considers a joint or marital asset.
Source: Bleacherreport.com, “Ashley Judd and IndyCar’s Dario Franchitti to Divorce After 11 Years of Marriage,” Gabe Zaldivar, Jan. 30, 2013