Divorces in Washington State and across the nation will inevitably have numerous issues in play. It is unavoidable that many will be difficult to navigate with significant issues that have to be dealt with. This is especially true when it is a high asset divorce. These types of divorces can stem from a couple that has vast business holdings, large estates that were inherited or built, or involve people in the entertainment industry. Regardless of the way in which the wealth was amassed, finances will be a large factor in these kinds of divorce cases, and it is important to know how to deal with these complex situations.
Recently, actress Jane Seymour and her husband, actor and producer James Keach, ended their 22-year marriage and divided their assets evenly. The couple decided to separate in 2013 and their divorce settlement was recently filed. In the settlement, it was decided who would get what properties, cash and other assets. The 64-year-old Seymour, who is known for a slew of roles including "Dr. Quinn: Medicine Woman" and as a James Bond actress, will receive a home that the couple shared in Malibu and an estate located in England. In addition, she will get $132,000 in cash.
Keach, 68, was an actor and producer of the Academy Award nominated biopic of singer Johnny Cash, "Walk the Line," and will share in future proceeds from that film as well as "Dr. Quinn" in which the couple shared production credits. Keach will also receive season tickets to the Los Angeles Dodgers. Other assets the couple will split are a membership in a country club and various collectibles such as rare coins.
This divorce is a rarity in the high-end arena as the couple appears to have amicably resolved the situation without having to go through a protracted legal fight with dueling allegations and prenuptial agreements. That is not always the case in a high asset divorce and one of the most important factors to a satisfactory resolution, regardless of the issues involved, is to have competent legal advice. Those who are holding substantial assets and are considering the end of a marriage need to make sure that their interests are protected by speaking to an experienced attorney about their case.
Source: Fox News, "Jane Seymour, James Keach's divorce finalized," Dec. 16, 2015