The end of a marriage is never pleasant, even when both parties agree that it's for the best of all involved. Figuring out how the assets will be divided can seem an overwhelming task in the midst of such an emotional time, but dealing with attorneys, the family courts and property division comes sooner than many anticipate.
Having a prenuptial agreement in place generally makes this process easier, and this proved true for country superstars Miranda Lambert and Blake Shelton, who recently announced their divorce. While rumors had circulated that the couple was headed for divorce for years, it became a reality when they released a joint statement on July 20. According to reports, the divorce was finalized that same day.
Sources reported that the prenuptial agreement the couple signed before their marriage made the property division process fairly simple, despite the fact that both are worth millions. Shelton was reportedly able to keep the ranch in his home state of Oklahoma, and they were also able to work out an arrangement for their various pets. Both will leave the marriage with their horses, but Lambert will reportedly get most of the couple's rescued dogs.
When both parties involved in a divorce have established careers and independent wealth, it may be easier to decide on financial matters because there is no need for spousal support. However, this is not the case in every high asset divorce. If there is a large disparity between the earning potentials of the two parties, it is especially important to seek information on how to protect the financial interests.
Source: US Weekly, "Blake Shelton, Miranda Lambert Divorce: Who Gets Which Homes, Pets in Split?," Esther Lee, July 21, 2015