As Kim Kardashian and Kanye West move forward with their divorce, you may be curious as to what it is like to go through this process when there are millions of dollars on the line. You may not be famous, and you may not have millions, but if you are going through a divorce, there is a lot at stake for you. There may be a few valuable lessons from this high-profile divorce that may help your situation.
When celebrities divorce, the headlines often detail how the couple is battling in court over money, child custody, vacation homes and more. However, even a case like the Kardashian-West divorce does not necessarily have to be contentious and complicated. Like any average Colorado couple going through a divorce, they may be able to avoid complications by preparing, negotiating and compromising.
Is litigation inevitable?
A prenuptial agreement is the norm for celebrity couples. This marital contract outlines how the couple will divide assets and debt, and it will also address issues such as spousal support. A prenup is a useful tool because it also allows a couple to address how they will handle financial responsibilities over the course of their marriage. For wealthy couples, a prenup can help avoid contention and litigation.
If you do not have a prenup, that does not necessarily mean a contentious court battle is inevitable. It is entirely possible you and the other party can work together on a negotiated agreement. It is likely that both Ms. Kardashian and Mr. West have been preparing to file for divorce for months, which is a step that will benefit you as well. The more you prepare for this major legal and financial process, the better prepared you will be moving forward.
A strong future
Your goal in divorce is to secure terms that will allow you a strong and stable financial future. Even if you are not a celebrity with the media covering every detail of your marriage and divorce, you deserve a settlement that is fair and sustainable for years to come. If you are considering divorce, you may want to start by seeking an understanding of what to expect from this process and how you can shield your long-term interests. This is true both in negotiations or in a Colorado family courtroom.