New York residents may have heard that Kris and Bruce Jenner are pursuing a divorce. According to a recent report, the former couple is in the final stages of the proceedings, and the division of their joint marital property will only include approximately $60 million in assets. It has also been suggested that the end of the former couple’s 23-year marriage are relatively amicable, and the divorce filing apparently cites “irreconcilable differences” as the reason for the dissolution.
Reports say that the majority of the funds that the two celebrities have earned during their time together was placed into a joint account. This includes the money they received from their businesses as well as the funds they accumulated due to their public appearances on television shows.
In spite of the size of the marital estate, the former couple has taken steps to limit any complications to the divorce. According to reports, the divorce agreement will not involve any support obligations and attempts to divide the funds evenly. In addition, Ms. Jenner will be granted ownership of a property in Hidden Hills, and Mr. Jenner will maintain a membership to the Sherwood Country Club. They have also agreed to share custody of their minor daughter.
While it appears as though these divorce proceedings will avoid extended disputes and prolonged court hearings, an amicable divorce is not always possible. When a couple chooses to end their marriage, there may be numerous points of contention because of the financial and custodial decisions may have a lasting impact on the lives of the involved parties. Because of this, it may be beneficial for a person to discuss a potential divorce with an attorney. An attorney may be able to help a client pursue a settlement that provides for his or her future after the marriage has ended.
Source: Inquisitr, “Kris Jenner Only Has To Split $60 Million With Bruce Jenner In The Divorce? Here’s Why!“, Glenn Hadley, September 23, 2014