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NASCAR CEO's divorce documents unsealed

Usually, after a married couple goes through a divorce, the initial reasons for the divorce, combined with the often stressful details of the process, effectively preclude the possibility of the parties getting back together. But sometimes former spouses do try to rekindle their relationship and even remarry each other. In New York, as you can imagine, remarrying your former spouse (or anyone else, for that matter) requires taking careful legal steps with regard to the initial divorce agreement.

These issues likely arose for high-earning NASCAR chairman Brian France. His divorce documents, which he fought to keep sealed, were recently unsealed, revealing the details of his tumultuous relationship with his ex-wife Megan.

The pair initially married in 2001 but divorced three years later. They remarried, howerver, in 2005 and had twins in 2006. Their second divorce was finalized in 2008, with Megan slated to receive $9 million over three years, along with $42,000 per month in spousal support and child support for a period of 10 years.

Brian has declined to pay $6 million of the $9 million, though, claiming that Megan violated the divorce terms. In particular, he claims she didn't adhere to the agreement in terms of visitation rights, a confidentiality clause and nanny hiring.

The final split also left Megan with a home valued at $3.2 million and a vacant piece of real estate valued at $2 million. For his part, Brian kept multiple condominiums in California, Central Park, Daytona and Charlotte.

Before their second marriage, the former spouses signed a prenuptial agreement. At that time, Brian's assets were valued at $554 million, while he had loans totalling $26 million.

In complex divorce settlements like this one, it's important that the parties are aware of their negotiation options. In many cases, a fair and equitable settlement is achieved only with the proper legal guidance.

Source: Sporting News, "Brian France divorce documents show net worth of NASCAR Chairman," Bob Pockrass, May 9, 2013

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