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High asset divorce for Walmart heiress plagued by scandal

Walmart heiress Page Laurie Dubbert is divorcing her husband of nearly six years, and she is apparently taking an aggressive approach to the breakup. The high asset divorce comes after the man reportedly made off with thousands of dollars that came from a retail operation the pair ran together. However, like many New York couples, the pair is working through the divorce with the help of a prenuptial agreement. The woman has already agreed to pay the man spousal support thanks to that document.

Dubbert has filed a civil lawsuit against her soon-to-be ex-husband in order to recover money that he allegedly took from their retail center in California. The suit claims that the man hired a friend to co-manage the property. They then gave themselves statuses as "general contractors," paying themselves tens of thousands of dollars each month. The man is also accused of paying himself a quarter-million dollars to manage that project.

This is just the latest scandalous news regarding the woman's personal life. In 2004, her name was removed from a university arena. Dubbert's parents had contributed $25 million toward the construction of the arena, intending to name it after their daughter. However, the woman's name never made it onto the marquis; in 2005, her college roommate went public with allegations that she had written scores of academic papers for the heiress.

The terms of the couple's prenuptial agreement have not been detailed in media reports. However, many high asset couples are able to expedite their asset division through the use of a prenuptial document. Although the lawsuit in this case may complicate the matter, dividing marital property can be made easier with the use of a properly drafted prenuptial agreement.

Source: The Kansas City Star, "Wal-Mart heiress Paige Laurie Dubbert’s new arena: divorce court" Lisa Gutierrez, Apr. 22, 2014

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