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  Court Papers Show Just How Much is at Stake in McCourt Divorce

The divorce case of Los Angeles Dodgers owner Frank McCourt from his wife Jamie sheds light on how complicated high-net divorce cases can be, as well how much is at stake.

Jamie is asking the court to order Frank to pay almost a million dollars--$988,845 to be exact— in temporary spousal support. She says that amount is what she needs in order to maintain the same lifestyle she had while married.

Other interesting points of the divorce, made public after the judge unsealed 1400 pages of documents, include just how much the McCourts earned and spent while they were married. The court papers indicate that during the last five years of their marriage, both Jamie and Frank took home $2.31 million per month in salaries and perks, tax free. Frank’s financial adviser also said Frank would use the business to fund whatever he and Jamie needed or wanted. Jamie claims that Frank’s net worth is almost $900 million at $834,900,000 and McCourt Enterprises is worth more than $2 billion.

How the couple plans to divide their assets will certainly be a hotly contested issue.

If you are planning to file for divorce, and you have a large amount of assets or property at stake, it is important to take the appropriate measures to ensure those assets and property remained protected. The more assets, money, and property at stake, the more complex and challenging the case can be. You need an attorney who has experience handling all types of divorce cases, including those involving high net worth assets.

At Claery & Green, we have represented clients from all walks of life, and have the experience and legal knowledge to competently guide any client through the divorce process. Should you and your spouse have a prenuptial agreement or  postnuptial agreement in place, as is often the case with these types of divorces, you can trust an attorney at our office to enforce or challenge the terms of the agreement, depending on what the situation calls for.

Contact Claery & Green today to speak with an experienced Los Angeles divorce attorney about what can be done to protect your assets from property division laws!


Posted By Claery & Green on March 03, 2010 02:25 pm | Permalink 
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