Divorce is a reality for many New Jersey families. and it can happen to all ages, races and classes. Nowhere is that more obvious than in the recent divorce announcement of Amazon CEO and founder, Jeff Bezos. The ending of his 25-year marriage to his wife, Mackenzie, is a prime example of how a high asset divorce can have different circumstances than other divorces.
The Bezos' will reportedly be dividing a fortune of $137 billion. Though they married in a community property state, which divides marital property equally, New Jersey is an equitable distribution state. This means that a high asset divorce here may be divided in an equitable fashion, depending on several factors that a judge will consider.
In the Bezos' case, Amazon was founded after they are married, and the stock will likely be divided between them, though perhaps not equally. Other types of assets in wealthy divorces might be art collections, offshore bank accounts or multiple properties. Alimony will not be a likely factor because their divorce settlement will ostensibly leave both of them with plenty of money and assets. Some have speculated that Jeff Bezos had an affair, though that would be unlikely to factor into a divorce settlement unless it can be proved that he used marital assets to conduct the affair.
Those here in New Jersey who are considering divorce and have a great deal of assets may find it helpful to seek the counsel of an attorney with the knowledge of how to manage a high asset divorce. This way, each spouse and his or her respective attorney can work to ensure their assets are divided fairly and reduce the likelihood that anything will be overlooked. It may result in the best possible outcome for everyone involved