Kardashian, Odom divorce settlement provides valuable insight

| Dec 19, 2013 | Divorce

Some may tire of hearing news of celebrity divorces. While the media may be saturated with these stories, they often provide important insight into how a divorce can be settled. For this reason, it is important Massachusetts residents are aware of these high-profile divorces, and how their resolutions may help them in their own situation.

One of these recent celebrity divorces involves reality TV star Khloe Kardashian and professional basketball player Lamar Odom. While each has a net worth in the millions of dollars, a prenuptial agreement appears to have allowed each party to keep the money and property he or she brought into the marriage. Though prenuptial agreements like this often make the divorce process easier, marital assets must also be divided. In this instance, Kardashian will keep the couple’s marital mansion and she will remain the sole beneficiary of a multi-million dollar life insurance policy held by Odom. Though possibly entitled to spousal support, Kardashian has elected not to pursue such payments.

Any divorce can bring a whole host of legal issues that may be difficult to resolve. Division of marital property and debts, child custody, child support and spousal support may all be hotly contested, leading to extensive litigation. Many of these issues may be avoided by drafting a prenuptial or a postnuptial agreement, through which the outcomes of these issues are predetermined.

Dealing with these problems can be complex, both legally and emotionally. Thus, it may be beneficial for a divorcing party to seek legal assistance from a Worcester divorce lawyer. An attorney can discuss the various issues that may arise in the party’s divorce and how to approach them. Then, the attorney may be able to negotiate a fair resolution that leaves the party in a strong position to start his or her new life.

Source: Examiner.com, “Khloe Kardashian, Lamar Odom divorce settlement news,” Dec. 15, 2013