Complications in Million Dollar Divorce
Million Dollar Divorce
The son of the world’s second wealthiest hedge fund manager, George Soros, filed for divorce in 2014 after 22 years of marriage. A property division trial resulted from a dispute over substantial amounts of money.
According to Page Six , Soros’ son, Robert, deposited $21 million into his personal accounts while his wife, Melissa, struggled with breast cancer. Melissa testified that he deposited $21 million in jointly filed tax refunds. She explained that during her extensive rounds of chemo treatments for breast cancer, she also experienced pneumonia, broke her ankle and had problems with insomnia…Read More
New York Property Division laws dictate equitable division, which means each spouse owns the income he or she earns during the marriage and has rights to property that is in his or her name alone. Judges determine assets division, which may or may not be exactly equal. (Findlaw)
The jointly filed return and arriving at a fair and equitable property division are what complicate this matter.
If you’re struggling with property division disagreements, consult with attorney Chris Palermo. Chris is an experienced Long Island divorce lawyer who has helped numerous clients overcome the challenges involved with divorce.
Million $ Divorce | Million Dollar Divorce Lawyer main office located in Hauppauge, Long Island, NY.