Amazon CEO Shows Divorce Can Be Amicable Despite Valuable Assets

Amazon CEO Shows Divorce Can Be Amicable Despite Valuable AssetsAmazon CEO Jeff Bezos recently announced the terms of his divorce from his wife of 25 years, MacKenzie. The divorce is expected to be the most valuable in history because Bezos’s net worth of more than $110 billion makes him the richest man in the world. As part of the divorce:

  • Jeff Bezos will keep 75 percent of the couple’s stock in Amazon and voting control for all of their stock;
  • MacKenzie Bezos’s share will be about four percent of Amazon’s total stock, valued at $35 billion; and
  • Jeff Bezos will receive all of the couple’s interest in the Washington Post and Blue Origin.

As a result of the divorce, MacKenzie Bezos will be the third-richest woman in the world. As astounding as the details of the agreement are, it may be just as impressive that the divorce has been amicable. The couple reached a quick agreement and has complimented each other publicly throughout the process. You could argue that it is easy to cooperate when both spouses are guaranteed to still be amongst the richest people in the world. However, a high asset divorce can just as easily create conflict between the spouses.

The Stakes

You likely worked hard to accumulate the wealth and assets that you share with your spouse. It is natural to want to keep as many of those assets as possible. A divorce is meant to provide financial stability to both spouses. This may mean:

  • Equitably dividing your marital properties;
  • Deciding whether to give your spouse control over any of your business interests; and
  • Paying spousal maintenance if your spouse has a lower income than you.

Solutions

An amicable divorce can save you money on the process and protect your professional life from chaos and uncertainty. Your mindset entering the divorce will determine whether the process will be peaceful or contentious. To create an amicable divorce, you should:

  • Focus on your shared goals from the divorce, such as being good parents;
  • Understand that you both need to win from this agreement;
  • Separate your feelings towards your spouse from the work you need to do;
  • Be willing to settle on certain issues; and
  • Hire a divorce team, including an attorney and financial analysts.

Contact a Kane County Divorce Attorney

Most divorces do not involve dividing billions of dollars worth of assets. Your divorce could still be worth a lot of money, especially if you have marital assets that are likely to increase in value. A St. Charles, Illinois, divorce lawyer at Goostree Law Group has experience working with clients in high asset divorce cases. Schedule a free consultation by calling 630-584-4800.

Source:

https://www.usatoday.com/story/money/2019/04/04/jeff-bezos-divorce-now-final-amazon-founder-announces-twitter/3365605002/

Goostree Law Group

Goostree Law Group

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St. Charles, IL 60174

 630-584-4800

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Naperville IL 60563

 630-364-4046

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Wheaton, IL 60187

 630-407-1777

Our Illinois divorce attorneys represent clients in Kane County, DuPage County, Kendall County and DeKalb County, including Geneva, Batavia, St.Charles, Wayne, Wasco, Elburn, Virgil, Lily Lake, Aurora, North Aurora, Elgin, South Elgin, Bartlett, Crystal Lake, Gilberts, Millcreek, Maple Park, Kaneville, LaFox, Yorkville, Oswego, Plano, Sugar Grove, Big Rock, Bristol, Newark, DeKalb, Sycamore, Naperville, Wheaton, West Chicago, Winfield, Warrenville, Downers Grove, Lombard, Oak Brook, Streamwood, Hoffman Estates, Barrington, South Barrington, Lake Barrington, Schaumburg, Big Grove, Boulder Hill, Bristol, Joliet, Kendall, Lisbon, Minooka, Montgomery, Plainfield, Sandwich, Yorkville and many other cities.

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