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Rupert Murdoch marriage termination example of high asset divorce

Divorce can be extremely difficult. Emotions run high and the two parties must deal with issues of debt, asset division, and, if children are involved, child custody and child support. There is a lot at stake in these instances, and in Maryland, if an agreement is not reached between the two parties, a court will likely seek equitable distribution of marital property. Yet, in cases of high asset divorce, equitable distribution may not be in a party's best interest.

Those who have a high income and a large number of assets may not feel that equitable distribution of the marital property is in their best interest. Additionally, the other party may want other non-marital assets that will be better for him/her in the long run. This may be the situation in the recently announced divorce filing by Rupert Murdoch to terminate his marriage to wife Wendi Deng.

It is unclear at this time if the couple had a prenuptial agreement, but if there is not one then there may be a battle looming over Murdoch's estimated $11 billion estate to determine how much Deng is entitled to receive. In divorce cases like this, several factors may come into play including the length of the marriage, whether one individual in the marriage has an addiction, and other practical considerations.

In Maryland, high asset divorce cases require careful consideration and skillful negotiation. An experienced attorney can help determine what is marital property, which typically includes any asset acquired during the marriage and can develop a negotiation strategy that works in the client's best interest. It is important to note that Maryland does not recognize debt as marital property. So debt accrued by one individual cannot be split with the other spouse as a result of the divorce. An attorney can help ensure this fairness is upheld.

Source: CNN, "Murdoch files for divorce from wife of 14 years," Joe Sterling and Greg Botelho, Jun. 15, 2013

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