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August 2014 Archives

What happens to debts and assets in a New York divorce?

Most New Yorkers are two-career couples, and after being married for a few years or decades, it's quite easy to acquire significant assets. Below is some information one might need while transitioning through a high net worth divorce.

Billionaire's fortune on the rocks in massive high asset divorce

In what could be the costliest divorce in the American history books, billionaire Harold Hamm and his soon-to-be ex-wife are hashing out their differences in an oil country courtroom. Although one might think that one of the nation's richest divorces would happen in New York, this relationship is unexpectedly terminating in Oklahoma. The high asset divorce trial is in its second week, with one of the globe's biggest personal fortunes up for grabs.

New York appellate court rules on corporal punishment for kids

New York parents received affirmation recently regarding their right to impose corporal punishment on their children. In July, the Appeals Division ruled that a father from Long Island who in 2012 spanked his then-8-year-old son for misbehavior used "a reasonable use of force" in disciplining his boy.

Prenuptial agreement to be key in Griffin divorce

Those who follow the New York and national financial scene may be familiar with Kenneth C. Griffin and wife Anne Dias Griffin, two high-rolling hedge fund managers with a penchant for lavish living. The couple, who now reside in Chicago, are seeking a divorce in Illinois courts, citing irreconcilable differences. Initially, it was thought that their divorce would be rather low-key because of a comprehensive prenuptial agreement; however, a domestic dispute is threatening the privacy of their divorce proceedings. The woman, age 43, says that she was blindsided by the divorce filing by her 45-year-old husband.

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