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Settlement reached in Rupert Murdoch's high asset divorce

Divorce can be difficult in any situation, but it can be especially complex when the couple has a high income and a lot of assets. A high asset divorce can bring challenges related to asset division which, if not handled properly, can leave an individual feeling as if he or she did not get a fair share of the marital property. One famous couple has reached an agreement regarding their divorce, and Maryland residents should take note of how these situations can be handled.

Rupert Murdoch, owner of the multibillion-dollar media conglomerate News Corporation and 21st Century Fox, recently reached a divorce settlement with his wife, Wendi Deng Murdoch. Sources say the settlement was straightforward primarily because a prenuptial agreement was signed before the marriage and two postnuptial agreements were signed afterwards. Though these agreements helped delineate how assets would be divided in the event of divorce, several other issues may have come into play during this settlement, including child custody. According to reports, the couple's three children will live with their mother in the couple's Manhattan triplex.

This case provides an example of how prenuptial agreements can help make a high asset divorce easier, should one occur. These agreements can address any issues the couple wishes to handle, including property division, spousal support and child custody.

However, not all couples partake in prenuptial agreements. Sometimes, divorce happens without any planning. In these instances, a Maryland divorce attorney may be of help. The attorney can assist in discovering and valuating property so that equitable distribution of marital property is obtained, if that is what is desired. Additionally, the attorney can make claims to support or deny spousal support. Child custody and child support may also be negotiated in a way that supports both the parent's and the child's best interests.

A high asset divorce can be riddled with stress and worry. An experienced Maryland attorney can help attempt to quell these fears by fully informing the party of his or her options and fighting to reach the most favorable outcome possible.

Source: The New York Times, "Rupert and Wendi Murdoch Reach a Divorce Settlement," Peter Lattman, Nov. 20, 2013

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