Ever since media mogul Rupert Murdoch divorced his wife in 1999, his split has been considered to include the world's biggest divorce settlement. Even though Murdoch is in the process of getting divorced again, a fellow businessperson may soon surpass the 1999 record set by Murdoch. Harold Hamm, CEO of an oil company, could end up owing his wife $3 billion as the split is finalized.
If you thought Big Oil was a thing of the past, you were wrong. The oil barons of the prime-time soap operas of the 1970s were nothing like today's oil industry heavy hitters -- for the most part. For one thing, both husband and wife in a recent divorce case are heavy hitters at the company that made them billionaires.
While for many Illinois residents it may seem that celebrities remain in the news due to what many would consider overly dramatic lives, or perhaps just overly scrutinized lives, America just can't seem to get enough of celebrity divorces. Unfortunately for most that have gone through the process, the celebrity version is not that far off from real life, only perhaps with the exception of the money and assets involved.
When getting married, it is important to protect the assets you have, especially if a prenuptial agreement was never drafted or talked about. However, postnuptial agreements exist and are no longer just a tool for the wealthiest of Americans to protect their assets. More middle class couples in Illinois are signing these agreements in an effort to avoid conflict in the future.
When you are preparing to say "I do" to the one you love, there are a number of things to consider, especially if this is not the first time you have been married. A financial advice columnist considered the matter recently, and she provided some interesting statistics.
To the public, the 1999 marriage of Courteney Cox and David Arquette may have looked a little off balance. Cox was in the middle of the enormously popular television series "Friends"; Arquette didn't seem quite as A-list. When the couple separated in 2010, gossip columns speculated that she had outshone him professionally, and the relationship had suffered as a result.
We're finishing up our discussion of small businesses and family law. The two are often inextricably linked. The most public example is the McCourts. The couple's divorce has taken a serious financial toll on the baseball team they own, and many say the divorce is responsible for a management vacuum, as well.
A "get" is a Jewish divorce. A woman who fails to obtain a get is unable to marry again under Jewish law. These women are "agunot." There are more of them out there than you think, and a Chicago filmmaker has tackled the subject in "Women Unchained," a documentary making its way into theaters this month.