Jump to Navigation
Subscribe To This Blog’s Feed

St. Louis Divorce Law Blog

NASCAR CEO's high-asset divorce settlement goes public

In Missouri, like anywhere else, breaking up is tough. High net worth divorces are even tougher; especially when news outlets take an interest. Just ask Brian France, the chief executive of NASCAR and his former wife whose divorce has regularly made the news.

The latest news involves the financial terms of their high asset divorce, which includes property division, alimony and child support. Frances' ex-wife, according to recently unsealed court documents, received nearly $10,000,000 (presumably as part of the couples' property division) as well as more than $30,000 per month in alimony for the next decade and another $10,000 in child support per month.

A window into child custody decisions in Missouri

Breaking up is tough for Missouri couples. When it involves a child, it gets tougher still. In many cases, the parents need a judge to make child custody decisions for them. The prospect of a judge making such an important decision, however, can be a major source of anxiety during a divorce.

One judge recently shed light on how custody decisions are made by courts. In the case, the judge ultimately awarded both parents joint legal and physical custody, though the mother holds tie-breaking authority when the two cannot agree. The conclusion, however, is not the most interesting part of the decision.

Securing back child support can be tough

Raising a child takes a lot of work. It gets harder still when Missourians do it alone. When the other parent fails to pay their child support obligation the challenge quotient spikes to a whole new level.

Take, for instance, one mother. She has spent the last 14 years struggling to get her son's father to support the son financially. Most days, it feels hopeless. That is because she has gone years without collecting any child support. In all, she is owed $15,000.

McCourt high asset divorce reopened

Even under the best circumstances, divorce can be messy. When it involves billions of dollars, it can take years to wrap up because there is so much involved in the divorce itself. A high asset divorce can include multiple properties, marital assets, several saving accounts and numerous investments.

The McCourt high net worth divorce is a divorce known well to the general public. Fans of the St. Louis Cardinals likely know Frank McCourt, and until his marriage went south, McCourt owned the Dodgers. That $2.1 billion sale has become just the latest flashpoint in the McCourt divorce saga.

Favor leads to child support obligation

One man thought he was doing a couple a favor. A same-sex couple had posted an ad in Craigslist asking for a sperm donor. The man answered the ad and helped the couple have a child. Now a state neighboring Missouri is trying to make the man pay child support, even though the man and the couple signed a contract that said the man would not be financially responsible for the child.

Why? Because the state the child lives in does not recognize same-sex unions, so when the couple split and applied for state health insurance for the child, the state demanded that they reveal the name of the sperm donor. When they did, the state pursued the donor to establish paternity and a child support order.

Lottery winner finally pays child support

When cash is tight, many Missourians may whimsically wish they would win the lottery. Sometimes it happens. One dad, who owed $29,000 in child support, recently won $338 million from a Powerball jackpot. His first order of business: settling unpaid child support payments dating back to 2009.

But not everyone is so fortunate. For the majority who will never win a lottery, allowing back child support to swell to nearly $30,000 is not a good choice. Instead, these individuals should pay or, if that is not possible, seek child support modification.

Four often ignored post-divorce expenses

In Missouri and elsewhere, people realize that splitting up does a number on the pocketbook. Lost income, spousal support payments and child support can turn a full wallet into an empty one in a hurry. But those are not the only costs Missourians going through a divorce should expect.

For starters, everyday expenses will cost more. Childcare, for instance, will go up. Before, the couple had two people to take care of the kids. Now they won't. That means day care, babysitters and other care-related expenses. Similarly, if the parents share physical custody that can also mean doubling up on beds, toys, games and the like.

Sanders awarded child custody; wife promises to appeal

St. Louis Rams fans likely remember that Deion Sanders, the former NFL star who played for several teams, including two division rivals, filed for a divorce in fall 2011, which resulted in a highly publicized domestic dispute in the spring of 2012. The child custody portion of that divorce recently came to a close.

Sanders and his soon-to-be ex-wife had three children: two sons, ages 11 and 13, respectively; and a nine-year-old daughter. Recently a court gave Sanders full custody of the two boys while Sanders and his estranged wife will share custody of the daughter.

Grandparents' rights bill in neighboring state moves forward

Child custody and visitation are not issues for parents only. They also affect grandparents. Many grandparents raise their grandchildren as their own. Still others want to have an active role in their children's lives. Unfortunately, when family problems arise, grandparents often have trouble maintaining those ties. Divorce, death, deployments or any number of reasons may mean loving grandparents can no longer have a role in their grandchildren's lives.

As a result, a state neighboring Missouri may be taking a step toward enhancing grandparents' rights. An Oklahoma legislator introduced a bill in that state's House that would permit grandparents to seek "reasonable visitation rights" with their children.

Moore-Kutcher high asset divorce finally going forward

Missouri readers likely recall hearing that Demi Moore and Ashton Kutcher separated after rumors that Kutcher cheated on Moore with a younger woman on the couples' six-year anniversary. In fact, because they announced the split over a year ago, many readers may be surprised to learn that the couple only recently filed divorce papers.

The reason for the delay in filing this high net worth divorce, according to Moore, was that they wanted to resolve the case confidentially. Divorces in front of judges typically are a matter of public record. Since a settlement no longer seems possible, Moore went forward with a divorce filing.