Wal-Mart heiress sues husband over business asset discovery

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An heiress to the Wal-Mart fortune has filed for a divorce from her husband. The divorce case and civil lawsuit that followed show just how important it is for Florida residents to have a prenuptial agreement and to know exactly what is going on with their finances during a divorce. This is especially important when business assets are part of the divorce.

The heiress filed for divorce from her husband citing irreconcilable differences. The two have been married since 2004. She will pay the man alimony based on a prenuptial agreement the two signed. Now, the heiress has filed a civil lawsuit that alleges her soon-to-be ex-husband has been stealing money from a company the two own.

The couple purchased a shopping center in 2011. They hired Rosch Company, LLC to complete a renovation and expansion project on the shopping center. Her husband is listed as a vice president of the company’s Florida branch on a business listing from 2008. That Florida branch isn’t on the company’s website and currently has an inactive filing status.

In her civil lawsuit against the man, she claims that he hired a friend as co-manager for the shopping center. She says they both made themselves general managers of the project at the shopping center. She alleges that they aren’t qualified for these contracting positions.

She alleges that her husband is being paid $250,000 annually to manage the shopping center project. On top of that, he is also collecting other fees. She alleges he and his co-manager friend increased their monthly fees to $70,000 from $15,000.

The Wal-Mart heiress is doing what she needs to do to protect herself during the divorce. For couples that have joint business ventures and who ultimately divorce, knowing exactly what is going on with the business is important. Without knowing what was happening financially with the shopping center project, this heiress might have stood to lose a lot of money just because she filed for a divorce from her husband. He allegedly has become greedy despite her agreeing to pay him alimony.

Source: The Malibu Times, “Report: Wal-Mart Heiress Files For Divorce, Claims Husband Funneled Money Through Malibu Shopping Center” Knowles Adkisson, Apr. 22, 2014

Man going through divorce liable for estranged wife’s accident

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When going through a divorce, one of the big obstacles that many couples have to deal with is property division. As you and your spouse begin to split up assets, you have to make sure that you keep yourself protected. One of the necessary steps for accomplishing this involves having your name removed from anything that will remain in your former spouse’s possession. A recent ruling by the Florida Supreme Court serves as a harsh reminder to get your name taken off of the things you aren’t keeping as part of the divorce settlement.

The case involved a man who was killed when he was struck by a woman driving a car. The woman’s estranged husband didn’t have keys to the vehicle that struck the victim, nor did the husband have access to the car. A jury originally found that the estranged husband wasn’t liable for the accident, but the victim’s wife appealed that decision.

The Supreme Court ruled that the husband was still responsible for the man’s death because his name was still on the title and because he owned the car. The couple’s divorce wasn’t yet final, but they were living apart.

Anyone who is going through a divorce needs to make sure that their interests are protected throughout the divorce process. Getting answers to any questions you have and working toward a divorce settlement as expeditiously as possible might help you to protect yourself so you can enjoy your new life when the final decree for your divorce is issued. Also, these issues become even more important if you have a large amount of expensive assets such cars or houses. This case goes to show that big assets need to be handled quickly in a divorce before they end up having a negative effect.

Source: Jacksonville.com, “Florida Supreme Court rules estranged husband liable for wife’s striking, killing of man” No author given, Apr. 10, 2014

Child support, custody and alimony at heart of Mase divorce

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For some people, getting rid of the stereotypes associated with the life they formerly lived can be very difficult. When most people think of the rap music genre and the artists associated with the genre, they usually don’t think about Christian pastors. One rapper, Mase, had tried to break the stereotype associated with him from his rapping days. Florida readers might find it interesting how this divorce is going from the East Coast to the West Coast.

Mase and his wife are co-pastors at a church. They wrote a book series entitled “What Do You Do After I Do?” that was aimed at helping couples to build a strong marriage. Now, the couple whose entire empire was based on the solidity of their marriage is now facing divorce. Reportedly, the couple has been separated since May 2012, which might shock some of their church members.

The couple has been married for 12 years. In January, Mase filed for a divorce from his wife. Rumors were swirling that the couple was working things out. The day before Valentine’s Day, Mase filed to dismiss the divorce petition in Atlanta.

At some point, his wife filed for a legal separation in San Diego. Now, the rapper wants a divorce. She is asking for full spousal support and full physical custody of the children. He is also asking for full physical custody of the children, as well as child support.

Going through a high-profile divorce isn’t easy. When child support and child custody are added in, things can get ugly quickly. Anyone who is facing a divorce should make sure that their interests and the children’s interests are protected during the process.

Source: Vibe, “Mase Is Still Getting Divorced” Samantha Kennedy, Apr. 07, 2014

Same-sex couple facing asset division challenges in Florida

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Under normal circumstances, a Florida couple seeking a divorce is not really considered news. What happens, though, when a same-sex couple attempts to dissolve their marriage in this southern state? Since Florida does not recognize same-sex unions, divorce becomes a tricky matter, and dividing marital property is suddenly a serious headache. Now, two women who are seeking a divorce in Florida are pushing for marriage equality in the state — not so they can wed, but so they can “untie” the knot.

The couple in question married in Massachusetts four years ago. That state is one of 17 that permit same-sex unions throughout the nation. Florida does not recognize same-sex marriage.

When the couple decided to pursue a divorce, they consulted experts in Massachusetts for advice. The answer was disheartening: They would have to move back to Massachusetts for a year before they could officially file. Since that life-changing move was not feasible, one of the woman chose to file for divorce in Florida, anyway.

Even though news reports show that judges in the state of Florida have granted same-sex divorces in the past, those cases have largely flown under the radar. Now, this couple is striving to bring those asset division cases into the light by claiming that a ban on same-sex marriage has a deleterious effect on same-sex divorce, not to mention the fact that it is unconstitutional. The couple in this case have already come to a legal agreement about dividing their marital property through collaborative methods, but they are still pursuing additional rights through the Florida court system.

Many Florida couples struggle through the asset division phase of their divorce. A Florida attorney may be able to provide additional information and assistance to ensure that clients receive their fair share of the marital estate. These professionals may serve as important allies in a divorce courtroom or mediation proceeding.

Source: Tampa Bay Times, “Tampa couple’s divorce could challenge same-sex marriage ban” Leonora LaPeter Anton, Mar. 24, 2014