Most business owners take great pride in the work they put into their businesses, because for them, their business may be their biggest investment and largest source of income. It's understandable then that they would have questions and concerns about their business holdings, especially in the event of divorce.
The divorce between Kim Kardashian and Kris Humphries may soon be finalized as a Los Angeles judge has set a trial date for May. The long contested divorce process has lasted for over a year and half since the couple separated.
Arthur Blank, a billionaire in Georgia, known for being the co-founder of Home Depot and the owner of the Atlanta Falcons, was recently served divorce papers. His wife of 16 years filed for divorce in Fulton County after the couple had been estranged since 2011.
Last month, reality TV star and entrepreneur Bethenny Frankel announced that she and her husband of three years had decided to divorce. Frankel is the creator of the popular Skinnygirl cocktail and lifestyle brand, but she is probably best known as a former star of the "Real Housewives" franchise and a spin-off reality show about her life and marriage.
In late December, the divorce of astronaut Buzz Aldrin and his third wife, Lois Driggs Cannon, became final. According to media reports, the high-asset divorce settlement orders Aldrin to make a large lump sum payment to his ex-wife as well as pay significant amounts in monthly spousal support. Cannon will also have a claim to much of his future income.
It is unlikely that many of our Atlanta blog readers look up to musicians, movie stars and other celebrities as models of solid, happy, lasting relationships and marriages. In fact, most Georgia residents can probably name several of the rich and famous who have been married and divorced multiple times.
It was announced earlier this month that Russell Crowe and his wife, Danielle Spencer, were planning to divorce after nine years of marriage. Although neither Crowe nor Spencer has made a public statement on the reasons for or logistics of their divorce, the couple is believed to have signed a prenuptial agreement before they married. This gives an indication of how their property and assets will be divided in their divorce settlement.
After a brief 41-day marriage, Evelyn Lozada of VH1 reality show "Basketball Wives" has filed for divorce from NFL wide receiver Chad Johnson (formerly Ochocinco). Johnson was arrested this weekend for allegedly head-butting Lozada in an altercation in Florida. In addition to the assault charges and divorce filing, Johnson is facing the loss of a spin-off reality show on their relationship and a termination of his contract to play for the Miami Dolphins.