Choosing how to divide property and assets during a divorce can be challenging for some Maryland couples. For couples with a high-net worth, the process can be even more challenging. Recently, another celebrity divorce has graced media reports. The divorce of Kelsey and Camille Grammer is not new news to many, but their reaching a settlement in their division of assets may be.
According to reports, Kelsey was fighting a drug addiction and financial difficulties when he met Camille, and she was apparently able to take control of the financial situation. It is also believed that she contributed significantly to the amassing of the couple's nearly $60-million fortune. Now, as the divorce settlement is finally reached, it has been agreed that the ex-couple will split the assets in half.
The decision to split the marital assets in this manner means that Camille stands to gain around $30 million. This step appears to be one of the final details left to be resolved from the divorce, as both Kelsey and Camille have moved on. Kelsey is now remarried and recently had a child with his current wife. Camille is also said to be dating again. Now, the ex-couple can move forward, having reached an understanding concerning the division of the assets.
The financial aspects of divorce can be stressful for couples because they may not have a firm understanding of how their post-divorce finances will turn out. No Maryland couple wants to exit divorce with their individual finances disabled, which is why it is important to settle the division of assets in an equitable manner. Every divorce is different and will require individualized decisions. Reaching an equitable settlement is achievable when couples take the right steps to work through the divorce process.
Source: Examiner.com, "Camille Grammer divorce settlement costs Kelsey Grammer $30 million," Bruce Baker, Sept. 6, 2012