Deciding to end a marriage is not an easy decision, but it is a common occurrence. When a couple has children and is affluent, such as one with substantial business assets, it can take some time to ensure an equitable division between the spouses. Also, the issue of child custody and visitation has to be worked out. Orlando readers who might have been following one of the several high-profile divorces that have been ongoing might be interested to know one of the divorces has been finalized.
Musician and businessman Jack White and model and singer Karen Elson have finalized their divorce. The divorced was finalized in Nashville, the same place where the couple was married in 2005. Elson filed for divorce in 2012.
White will retain his business holdings, the majority of which are music-related and include The Raconteurs, the White Stripes, Dead Weather and his music label, Third Man Records. For White, this was most likely a key part of the asset division, since his career revolves around these ventures and to split them up between the couple could have been a financial setback for White. No other mention of asset distribution between the two was made.
Elson was named the primary residential parent for the couple’s two children. White will have the kids roughly 150 days a year. It wasn’t mentioned if this included school breaks, summer vacations or holidays, but for a noncustodial parent to receive that many days of visitation, it most likely does mean the couple will divide holidays and summer vacations between the children. A judge signed the decree on Nov. 26.
Dividing marital assets and deciding about the children is often a major obstacle for a divorcing couple. However, attaining advice from an experienced legal professional can ensure both parties receive an equitable settlement that is suitable for all parties involved.
Source: Huffington Post, “Jack White, Karen Elson Divorce Finalized” No author given, Dec. 12, 2013