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During this time of social distancing, the Law Office of Marla Zide, LLC is offering both phone and video conferencing options for meetings and consultations. You will be able to contact us via phone during regular business hours to schedule.

Judge set to make decision in couple’s high asset divorce

| Sep 13, 2018 | high asset divorce

When a Maryland couple decides to end a marriage, there are many discussions about how assets will be divided between them. Accusations of lying or unfaithfulness may come into play while deliberations occur. However, most couples in the state or elsewhere around the country are not determining how hundreds of millions of dollars will be split. A couple in the midst of a high asset divorce in another state is awaiting a judge’s decision about their case.

The couple has assets of $550 million, predominantly in real estate. They own restaurants, bars, office buildings, shop centers and a golf course. The parties have presented their claims to a circuit judge in their area. According to reports, personal feelings about each other have been made known to the court.

The wife claims her husband has cheated, lied and stolen to get what he wants. The couple’s three adult children have told the court they do not want to continue doing business with their father. They also do not want to see their mother penalized in the process. The father has in turn sued his children for control over some of their holdings.

The couple, ages 89 and 91, had been married 67 years when the wife filed for divorce. While previous decisions had been reached on dividing several pieces of property, ownership of 26 additional properties is still being disputed. The judge has repeatedly asked the couple and the children to resolve the dispute over property to no avail.

The dollar amounts in this high asset divorce are staggering. While the average person is not dealing with that amount of money, the issues in a divorce he or she is facing are the same. To ensure that one is treated fairly during the property division process and all other decisions in a divorce, an experienced Maryland attorney can provide much-needed guidance.