Blankenship Massey & Associates, Attorneys at Law
Call Us Today For A Free Consultation 859-905-0936
View Practice Areas

Even in high-asset divorce, spousal support may not be permanent

Divorce brings many concerns, including those regarding financial stability after the process is final. In order to provide the lesser-earning spouse with a cushion in the months and years following a divorce, spousal support is sometimes granted. This is given to a spouse after consideration of many factors, including income, the length of the marriage and more.

Kentucky residents may know that the famous actor Tom Welling and his wife have recently divorced. In the divorce, Welling's ex-wife was granted spousal support for a period of five years. Interestingly, Welling was not ordered to pay a set amount. Instead, he must pay his wife 20 percent of his professional income. Anything over $5 million earned by the actor is not included in that 20 percent.

For celebrity couples, it is not uncommon for one spouse to make a significantly higher amount than the other. It is not immediately clear if this couple had a prenuptial agreement, but these legal agreements typically outline how property will be divided and whether one of the spouses will receive financial support after the divorce is finalized. While this is common for high-income couples, a prenuptial agreement can be a practical step for any couple considering marriage.

Kentucky residents know that divorce is a complex process, one that involves dividing marital assets, property and more. When facing divorce, a person could benefit from taking steps to claim his or her rightful share of marital property, along with financial support. A case evaluation of the individual situation will determine which options are available.

Source: tmz.com, "Tom Welling: Super Rich Divorce Settlement", Nov. 22, 2015

No Comments

Leave a comment
Comment Information

Learn Your Legal Options Before You Make A Decision

For a free consultation, please call 859-905-0936 or fill out the form below.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us Today

Contact Blankenship Massey & Associates

Erlanger Office Location
504 Erlanger Road
Erlanger, KY 41018

Toll Free: 800-491-9956
Phone: 859-905-0936
Fax: 859-426-9001
Erlanger Law Office Map

Dry Ridge Office Location
20 South Main
Dry Ridge, KY 41035

Toll Free: 800-491-9956
Phone: 859-905-0936
Dry Ridge Law Office Map

map
BBB Accredited business A+