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October 2011 Archives

Will high-asset divorce impact future of Mariners?

Florida fans of the Seattle Mariners may speculate about the future of the Northwest's only Major League Baseball team following news of possible financial reshuffling at the administrative front. Minority owner Chris Larson, a former intern turned programmer to Microsoft founder Bill Gates, is now embroiled in a high-asset divorce with his wife of 24 years. With significant assets accumulating through his career at Microsoft during the marriage, this is a complex divorce case that may have an impact on the future of the Mariners.

High-asset divorce does not come without complications

A divorce that occurs anywhere in our country, whether in Florida or Hollywood, does not come without emotional frustration and sometimes a lengthy legal conflict. Actress Stacey Dash, famous for her role in the 1995 film "Clueless," has now put her legal troubles to bed with the completion of her two-year-long high-asset divorce battle. A California court just finalized her divorce from her now ex-husband, actor Emmanuel Xuereb.

Custodial parents still need help collecting support

Florida parents may be interested in a recent recently published report that found the Maryland Child Support Enforcement Administration (CSEA) failed to collect close to $2 billion in back child support payments. When a couple with minor children obtains a divorce, primary physical custody is normally granted to one parent while the other is obligated to pay child support. The payments are normally due every month and can only be changed by an application to the court asking for modification based on a substantial change in circumstances.

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