There are many different things that a divorce does. One is divide one economic household into two. Thus, there are generally many financial issues that need to be figured out in a divorce. One of these issues is what exactly the split of the property in the marital estate will look like. When divorcing individuals are unable to come to an agreement on how they will divide their marital property, the decision as to how this property is to be divided generally ends up in the hands of a court.
Among the most-watched divorce cases this year has been the divorce of oil baron Harold Hamm and his now-ex-wife Sue Ann Hamm. Although their divorce was decided in an Oklahoma court, there are many details applicable to high-asset divorces here in Illinois and around the country. At stake in the divorce was a fortune worth as much as $18 billion as of last August when proceedings began.
When you hear the word "divorce" your mind probably immediately conjures up a couples that is screaming at each other, and then you probably imagine them going to court and bickering over various aspects of their marriage and divorce. Maybe you think this imaginary couple gets their divorce done in a year or two, but you're not really sure about the specific time frame of the divorce.