Settlements in a high-asset divorce can understandably be quite large. When a couple in Ohio or elsewhere has significant funds, the decision as to who gets to keep which assets may involve both long negotiations and court intervention when they can’t agree. However, like others of fewer means, a couple confronting a high-asset divorce must work through a multitude of issues to achieve a fair result.
A recent report details the high value settlement reached between “Real Housewives of Beverly Hills” star Yolanda Hadid and her ex-husband. In the reported settlement, the former Mrs. Hadid received the Santa Barbara mansion, real estate valued at $6 million in Malibu, an Arabian horse, the company named Hadid Interiors, cars including a Range Rover and an Escalade, and several bank accounts. She also received a one-time payment of $3.6 million. It appears that Mr. Hadid retained many of the family debts.
Yolanda’s ex-husband also agreed to a payment of $30,000 per month in child support. The two have joint custody of their three. The parents also agreed to notify each other before moving more than 100 miles away. There were additional spousal support requirements as a part of the divorce agreement, but they ended when she remarried.
As we can see, celebrity couples go through the same issues that others in Ohio have to during divorce. With extensive assets, however, a divorce can become contentious quickly. In order to ensure a fair and equitable result, it may be helpful to become knowledgeable of your rights and options.
Source: Radar Online, “Real Housewives of Beverly Hills Star Yolanda Hadid’s Over The Top Divorce Settlement!,” Jen Heger, April 30, 2012