When multi-millionaire fund manager Brian Myerson negotiated his divorce, he gave cash and assets to his wife and just took shares in his company as his portion of the joint assets. Cute, right? Well, this is one risk that didn’t pay off for the edgy activist investor: his company’s shares subsequently plummeted 90%, leaving the ex-wife walking off with what basically amounts to 105% of the divorce assets.
Divorce can break your heart, and ruin your credit. Before parting ways, divorcing couples must untangle any assets acquired during the marriage. Ask The Advisor put together a useful guide for any couple unwilling to wait until death to do them part:
Greenberg said the most common mistake couples make is to assume that justice is an absolute.
Finding good, helpful information about divorce and your finances is difficult. The divorce business is big money for lawyers, and it’s sort of a sad topic, so there’s no real motivation for someone to make available a lot of free fun-to-read information about getting divorced.
You may be old and impotent. Your belly might hang over your pants like an engorged, hairy sack. But you gots the moneys, which means you gots the wimmins. Just remember to divorce your trophy bride before she puts that pick through your brain, because the alternative — signing divorce papers entombed within the cold, oblivious earth — is more trouble than its worth.