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August 2014 Archives

Ex-wife may get more than $4 billion in divorce

Connecticut investors may be interested to learn that the ex-wife of an oil magnate may score the largest divorce settlement in history. According to the report, the 68-year-old Oklahoma man was estimated to be worth $20.2 billion, with much of that wealth being accumulated during his 26-year-old marriage.

The process and advantages of divorce mediation

Connecticut couples who are going through a divorce may find that working out the terms of the divorce can create arguments that not only financially drain both individuals but also create emotional strain. In some cases, couples who are having trouble with property division, child custody or alimony may be able to work out agreements through mediation.

Approaching divorce with a goal-oriented outlook

Some people in Connecticut facing the end of a marriage might feel that the person who walks away with the most money in the property settlement is the winner. This is a common approach to divorce but not often an ideal strategy for several reasons. Some couples own assets that are not liquid and therefore cannot be easily sold and divided. Furthermore, divorce settlements can affect the remainder of people's lives, especially their retirement. A settlement with a larger short-term financial gain may not be what is best for the future.

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The Law Offices of James A. Cuddy, LLC

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Shelton, CT 06484

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