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Details of NASCAR high asset divorce revealed

On Behalf of | May 10, 2013 | Firm News, High Asset Divorce

While every divorce involves some of the same basic elements, some inevitably become more complicated than others. This is true in Arkansas and beyond. While there are many factors that may contribute to a divorce becoming more intense than others, one of them is the assets the couple splitting must divide.

Recently information regarding a high net worth divorce was made public. The 2008 divorce was between the chairman of NASCAR and his wife. This was actually the second divorce the couple went through. The first took place in 2004. During the second marriage the couple had children.

 

The NASCAR chairman had unsuccessfully attempted to keep the information private. Because they are deemed to be public records, news organizations interested in the material finally succeeded in having it made public. The documents reveal a relationship between the couple that was heavily strained, as well as assets that many can only dream of owning.

Prior to the release of the information some things surrounding the divorce were already known. For example, the man’s ex-wife was to receive a total of $9 million paid in three equal payments. In addition to the lump sum, she also received a total of $42,000 each month to cover child support and alimony. Those payments are slated to be made for 10 years.

New information provided by the documents pertains to the assets the couple shared. In addition to eight residential properties, they owned parts of two restaurants, a yacht, two planes and multiple cars. The final settlement agreement reached likely took those assets into consideration.

While this divorce certainly involves assets that not all couples have, the basics of the split are the same for all. Regardless of the amount of assets involved, most benefit from working with a divorce lawyer.

Source: USA Today, “Divorce case reveals details of Brian France’s finances,” May 8, 2013

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