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Spousal maintenance may cause conflict in wealthy divorce cases

Complicated divorce proceedings could affect any couple going through the process, but individuals with considerable wealth may find themselves facing even more complexities. Spousal maintenance may be a particular point of contention as many individuals often hope to keep up the lifestyles to which they have become accustomed during their marriages. As a result, there is a chance that substantial amounts of money could be at the crux of many divorce issues.

New York readers may be interested in such a matter taking place in another state. Reports indicated that multimillionaire and founder of Cancer Treatment Centers of America, Richard Stephenson, and his ex-wife continue to face litigation over their divorce terms. The couple had been married for 18 years before his wife filed for divorce in 2009. Now, Stephenson is facing the possibility of having to pay his ex $400,000 in monthly support, but he argues that he does not have the means to afford such an amount.

Alicia Stephenson claims that this amount would help her maintain the lifestyle that she was used to while married. Though the couple had a prenuptial agreement, the difficulties continue to abound surrounding the settlement. It was unclear when an end to the litigation may be in sight.

Spousal maintenance may often lead to conflict from both sides. As this case shows, some individuals may feel that they have to pay too much support while others believe that they are not receiving enough. New York residents who are facing divorce proceedings in which significant amounts of money are involved may wish to consult with their legal counsel in order to determine which courses of action could potentially help their cases.

Source: Chicago Tribune, "Cancer Treatment Centers founder says he can't afford to pay ex $400K a month", Amanda Marrazzo, Dec. 20, 2016

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