The age-old question in divorce remains the same: “What’s fair?” Naturally spouses rarely agree on what each should get in a divorce. Everyone has their own reasons…many many many reasons…for why they deserve more than the other. These days courts start with the presumption that everything should be split 50-50. But should there be times that each spouse doesn’t receive the same amount? When is an unequal split ‘fair’??
Most people say there are many factors that should come into play. If you were the judge deciding a divorce case, what would you take into consideration to reach a fair outcome? What would it depend on? Would it matter if one spouse earned most or all of the money and the other earned little or no money? Would you want to know the ages of the spouses? Would you care if the couple had children? Would it matter if a spouse had cheated?
The Court in a very high profile case known as the Randy and Mandy Work divorce (yes, the couple’s last name is Work and yes, he’s Randy and she’s Mandy) was faced with these facts:
The Works had been married 20 years and are in their 40’s. They have two teenage children. Mandy was a homemaker.
Randy was employed and earned $170Million. Mandy had not been employed outside the home. Mandy cheated on Randy. Now you tell me, what’s fair? Should the husband and wife each get the same amount?
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Your dad might not be a billionaire but if he starts spending money in unusual ways or in large sums it’s time to pay attention and take action. The case of 92 yr-old billionaire Sumner Redstone case has made the news recently for many reasons, not the least of which is the wealthy businessman gifted two young girlfriends with $150Million in the past 5 years. When he decided to end the relationships and cease gifting one of the former girlfriends sued claiming he was incompetent.