Divorce can be complicated for any couple, but it is often even more complex for celebrities and those with a high net worth. Fortunately, there are various steps that couples can take to simplify the process, such as turning to an expert who is well-versed in handling high net worth divorces. In Belleville, and every other city across Illinois, comprehensively preparing for divorce (as well as life after marriage) is essential.
45-year-old actor Jay Mohr recently filed for a divorce from his wife, 38-year-old actress Nikki Cox. The two, who have a 5-year-old son together, originally met in 2004 before they tied the knot in 2006. According to a lawyer representing Mohr, the actor also claimed he wants sole physical custody of the child because of Cox’s drug problems.
Documents that were filed by Mohr show that he cited irreconcilable differences with his wife, who he was married to for nine years. The pair had a prenuptial agreement in place, which also outlined spousal support terms.
For individuals with a high net worth, understanding the financial impact of splitting up is crucial. There are many areas that people dealing with this may want to focus on, such as the potential tax implications of divorce, the distribution of assets, prenuptial agreements, child support and spousal support. In order to develop a clearer understanding of the smartest course of action, it may be advantageous for those preparing to file for divorce to reach out to a legal expert for assistance. For high net worth individuals, the stakes are often higher, which underlines how vital it is to approach divorce correctly.
Source: People, “Jay Mohr and Wife Nikki Cox Divorcing After 9 Years of Marriage,” George Stark, July 22, 2016