Divorces involving high assets can add extra challenges to an already complicated process. Financial concerns can turn an amicable divorce into a contentious one quite quickly. It’s always best to seek legal help when one is dealing with divorce, but especially when there are significant financial assets that must be dealt with. Dr. Dre and his wife of 24 years recently divorced, and she was awarded a sizeable portion of the rapper’s assets in the divorce settlement.
Details of the divorce
Dr. Dre’s divorce from his wife of 24 years may be one of Hollywood’s costliest ever. The rapper, whose net worth was listed at just over $450 million, has been ordered to pay his ex-wife $100 million upon completion of the divorce. The settlement includes liquid assets along with several luxury vehicles and jewelry. The process was a contentious one, with both parties fighting for what they believed was due to them based on the circumstances.
The world-famous rapper was ordered to pay his ex-wife around one-fifth of his total net worth. The couple have two adult children, so child support is not a consideration. Many issues came up during the nearly 18-month court battle before a settlement was reached. Now, both parties can move forward in their new lives with the terms of their divorce finalized.
Challenges of high-asset divorce
The desire for financial security after divorce can lead to arguments that are best dealt with through the proper legal channels. The division of assets is often a complicated and time-consuming process, particularly in a divorce involving significant financial issues. Maryland residents who are thinking about divorce, no matter their personal assets, can consult an experienced family law attorney for legal advice and guidance.