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Property Division Archives

Losses in Madoff Investments Spark Property Division Suit

An unusual case has been cleared for trial in an East Coast court, and it's caught the attention of divorce lawyers in Illinois. A man has asked the court to revise the property division he and his ex-wife agreed to in 2006, because his investment account with Ponzi-schemer Bernard Madoff was included as an asset.

Frank McCourt May Dodge Post-Nup

One thing just leads to another, it seems, when it comes to the Frank and Jamie McCourt divorce and property settlement case. Earlier this week, the California judge handling the case issued a decision regarding the post-nuptial agreement the couple entered into when Frank purchased the Dodgers. In the 100-page decision, the judge lists a number of problems with the post-nup before ordering that the agreement not be taken into consideration in the property settlement.

Late-in-life Marriages Raise Issues for Kids

Imagine a lovely suburban Chicago home, a divorced man sitting at the kitchen table with his three children. "Kids, I have some news," he says. "You know that Betty and I have been seeing quite a lot of each other, and, well, we're getting married." The oldest sits back, registering mild shock. The middle child snaps, "She's not moving in here. This is our house." The youngest asks if their mother knows yet, following up with a question about how Betty's kids feel about it.

McCourts' Divorce and Dodgers Fate Finally in Judge's Hands

The Jamie and Frank McCourt divorce trial has been unfolding half a continent away, but the details are riveting to family law attorneys and baseball fans around the country. Most of us can't even imagine owning a baseball team, much less arguing over whether it was covered in a post-nup. Or two. Or six.

Divorce in a Downturn - Lower Costs With Litigation Alternatives

If you get the shakes looking at your investment statement these days, imagine how you'd feel if you were going through a divorce. It's stress piled on stress, and the more stress couples have, the more likely it is the divorce will get ugly. And the uglier the divorce, the more expensive it is. Which brings everyone back to the investment portfolio, or what's left of it after the latest market downturn.

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