Winslet to get luxury NYC penthouse in divorce deal

It's no secret that high assets can make divorce settlements somewhat complicated. Even if the couple has agreed to split amicably and share assets equally, it is not always as simple to negotiate the property distribution. Litigants in a high-asset divorce typically need legal assistance to ensure that property, bank accounts, royalty rights and other assets are shared fairly.

It was recently reported that Sam Mendes, who split with wife Kate Winslet two years ago, has relinquished his share of a luxury Manhattan penthouse to Winslet as part of their divorce arrangement. The penthouse, which is located in the Chelsea neighborhood and is worth millions of dollars, is on the market for rent at a price of $30,000 per month. The property, which the couple used when they visited New York from their home in England, has five bathrooms and four bedrooms.

While bank accounts are usually fairly easy to divide, property isn't, especially if both parties aren't willing to sell it and split the proceeds. Usually, other assets are used to make up the difference when one party gives a share in a property to the other. If a couple owns a great deal of real estate, it is sometimes possible to divide up the real estate portfolio rather than shares of individual properties.

Winslet's penthouse was bought by the couple in 2004 for $4.9 million. After the couple's 2010 breakup, Winslet apparently stayed in the penthouse with her children. Because Winslet was raising the couple's son as well as her own daughter from a previous marriage in that property, it is not surprising that it went to her in the divorce.

The details of the Winslet-Mendes divorce have largely been kept out of the media. That kind of protection of privacy is extremely important to people going through a divorce, especially in a high-asset situations in which personal details have a tendency to draw the public's interest. But keeping matters as private as possible through careful negotiations can help divorcing couples reduce their respective burdens in an already difficult situation.

Source: Huffington Post, "Kate Winslet, Sam Mendes Divorce: Director Transfers Multi-Million Dollar Chelsea Penthouse To Actress," Aug. 16, 2012

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