The divorce it is one of the thorniest issues in people’s private lives. It certifies the end of love … and also the end of a “company” that a couple has formed for a certain time.
And it is that, when the word divorce appears the economy comes into play, as it is one of the main points of conflict when two people go their separate ways. What is from whom? How much corresponds to each one?
A few days ago we found out of the most expensive divorce in British history so far, the of the Emir of Dubaii, that he will have to pay his ex-wife, Princess Haya Bint Al-Hussai, a whopping 645 million euros. In addition to two properties in the UK.
Some figures that are still far from those of the divorce of the founder of Amazon, Jeff Bezos, whose ex-wife, MacKenzie Scott, received 4% of the famous company, valued at the time (2019) in 31,000 million euros.
All of this makes us wonder, why are millionaire divorces so expensive?
Divorces with a lot at stake
As we well know, There are two ways to marry economically speaking: in a community property regime and in separation of property. In gains it means that all the benefits and income that either party of the couple generates will be common during the marriage union. It is the most common way to get married, in fact, because it applies immediately. Once there is separation, everything generated is divided into two equal parts.
To do the separation of assets you have to sign the so-called marriage capitulations and in them agree that each spouse will have an individual patrimony and there will never be one in common, so that if there is a divorce each one takes his own or does not take anything if in that time it has not generated any benefit.
This does not prevent both spouses from undertaking business together, but having property separation is much easier to make the liquidation if they are separated than in the case of joint property.
What happens in the realm of the rich when they separate? Well, if they have a wealth regime, they have no other option but to give half of their fortune to their ex, regardless of whether he or she collaborated in its creation. Yes or yes, half belongs to them because they have been married to a person who has made so much money.
While it is rare for millionaires to marry under such a regimen, unless they got rich during the marriage. In fact, it is normal for a team of lawyers to advise them in advance on how to do the separation of assets correctly so that in case of divorce their exes do not keep half of their fortune.
The normal thing, in order not to reach a judicial war, at least in Anglo-Saxon countries, are the prenuptial agreements. They stipulate what the wealthiest party will leave their partner in case of divorce, or what not and what the conditions will be.
What happens is that many of these millionaire divorces carry a scandal behind, so one of the parties – usually the wealthy one – shields himself from everything coming to light by paying his ex a high amount.
In case the marriage has become rich with a business in common, it will be necessary to see what participation each one has. If it is 50/50 things are complicated, but if you have a minority stake (in the case of Bezos) it is easy to make the distribution.
By last, is the topic children. Because that also causes high amounts to be paid for child support, especially if one of the parties also requests that one be granted if he is dedicated to his children and does not work.
Therefore, we see how many issues come together in millionaire divorces that make real money unrelated to common mortals to be paid. You know, so much you have, so much worth.
Source: El Blog Salmón by www.elblogsalmon.com.
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