When two people are married -- especially for a long time -- property division can get rather confusing when it comes to divorce. Property, which can include real estate, valuable collections and sentimental items, needs to be distributed in a way that is fair to both spouses.
In many divorce cases men incorrectly assume they will not come out on top and will lost their home, child custody and be forced to pay child support and alimony. But this is simply not true and men have just as much of a right to get what they want out of a divorce settlement as women do.
The details of the property and asset division of well-known wrestler Hulk Hogan's divorce were recently made public. And while it's unknown exactly how Hulk Hogan, whose real name is Terry Bollea, feels about the settlement, one thing for sure is that his ex-wife was able to walk away with a pretty penny or two following the couple's divorce.
In the past we've written about the ongoing divorce saga between Frank and Jamie McCourt. In the beginning the two were going to court over property division and who really owned the Dodgers, and most recently the two reached an agreement in temporary alimony. However, more than two years after the couple announced their separation; a divorce settlement has finally been reached.
When going through a divorce, it's important to take control of your own financial situation in order to make sure to get a fair shake out of the divorce settlement. After all, you don't want to be the person walking away from the divorce with no real assets.
The chief executive of an international financial group has been ordered to pay his wife in excess of $750,000 in interest charges on a $7.5 million payment that was previously agreed upon as part of the couple's divorce settlement. The claim is that by being late on the payment, he would have to pay her interest dating back to June of 2005 when the agreement was made.