Kobe Bryant, wife reconcile and avoid costly divorce
Posted by Thomas Pettinicchi of D'Amico & Pettinicchi, LLC on Jan 21, 2013 in High Asset Divorce
While all couples can have a difficult time working through a divorce process, couples that have a large number of properties and assets may have additional challenges to confront. In general, if a couple has multiple properties, significant investments and business interests, and complex marital estates, it can be confusing to work through the process of dividing these assets.
There are a number of ways in which spouses can make this process a little easier. Many people work with attorneys who understand the sophisticated nature of high-asset divorces. Others, however, may simply rethink their decision to divorce in the first place. This may have been a factor in NBA star Kobe Bryant's decision to repair his relationship with his wife rather than go through a divorce.
The couple has been married for 10 years, but this union was at the brink of a divorce for several months before they recently announced that they have worked things out and will no longer be looking to end their marriage. According to reports, Bryant stood to lose a lot if he and his wife Vanessa had gone through with their divorce.
For example, much of his paycheck of $53.2 million could have gone towards child support and alimony payments. One estimate suggests that he could have been looking at $1,000,000 in monthly payments to Vanessa as spousal support and $365,000 every month towards child support for the two children the couple shares. All this would have been in addition to the property and other marital assets, including money Bryant earned in endorsement deals, which would have been distributed equally between the two.
Fortunately, the couple was able to reconcile and focus on repairing their marriage. It is not often that couples decide to get back together after filing for divorce. For most couples, a divorce is the only option after it becomes clear that two people can no longer be together. However, it does not need to be a bitter event, even if there is significant wealth and many assets at stake. With the help of a family law attorney, couples can work towards and fair and amicable resolution to their marriage so that they can move on and look forward to the future.
Source: BET, "Kobe Bryant's Divorce Would Have Been Costly," Clarissa Simpson, Jan. 16, 2013