With spring finally arriving this week after a brutally long Minnesotan winter, many residents are ready to finalize their divorce so they can get on with their life. After a one and a half year long divorce battle, Kim Kardashian and Kris Humphries have at last finalized their high asset divorce. Kim is best known for…well being Kim while Kris is an NBA star. The couple was wed back in 2011 but later decided to call it quits after only 72 days of marriage.
Just like most American weddings, celebrity weddings are also prone to the nations near 50 percent failure rate. What makes celebrity weddings more unique and interesting are the high assets and the never ending publicity that comes with. From dividing up the yacht to determining who gets to keep the mansion, they spark the interest of many. For Kim and Kris, property division was made a little easier with a prenuptial agreement. Both spouses had mansions as well as several high value premarital assets.
Since the couple was only married for 72 days, it did not give them very much time to acquire a lot of marital property. In the state of Minnesota, property is divided upon which items were premarital property and marital property. Any time a prenup is made, it can make the property division process go much smoother and easier. Kim is reportedly worth $18 million while ex husband Kris is worth $8 million. After they finalized their divorce, they were both able to keep many of their assets. Kim was able to keep her $2 million engagement ring since it was specifically mentioned in their prenup.
Many Minnesotans going through a high asset divorce can face a lot of difficulty with property division, especially without a prenup. An attorney may provide those in need with help and advice to ensure this spring can be spent divorce free.
Source: The Los Angeles Times, “Kris Humphries the big loser in divorce case with Kim Kardashian,” Dan Loumena, April 22, 2013