Posts Tagged ‘Brad and Angelina divorce’

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A Short Marriage, a Long Partnership: Why Brad and Angelina Need to Divide Their Assets Carefully

September 23, 2016

The Jolie-Pitt divorce announcement has been greeted with intense speculation about what will happen to the family now that Angelina has filed for divorce requesting sole physical custody.

For once, the media has avoided too much speculation about spats over money, given that both partners are independently wealthy. Brad’s net-worth is estimated at $240M, while Angelina is worth slightly less at $160M. In addition, the couple has been married for just 2 years, and California law doesn’t mandate spousal support unless the marriage is of long duration, over ten years. Before this, support will usually last for half the duration of the marriage. Spousal support is intended to compensate for a drop in standard of living for the lower earning spouse. For Brad and Angelina, this won’t be much of an issue. In fact with spousal support taxable for the recipient, it may not even be worth it for the couple to arrange taxed support that would last just one year (half of their 2 year marriage).

This doesn’t mean their divorce won’t be financially complex, however. The picture becomes more complicated when you take into account the need to protect the financial security of a sizeable family of 6. The children will need to be protected against potential future spouses and future children’s claims. We don’t know whether Brad and Angelina signed a prenup when they married in 2014, though rumors cite a cheating clause and a trust funneled towards the kids.

Disclaimer: This article does not constitute legal advice. If you have any questions about your individual situation it is best to seek the advice of an experienced family law professional.

A prenup would be an ideal way of framing a long, shared parenting partnership like Brad and Angelina’s. The couple may be independently wealthy in dollars, but their wealth in real estate is where things might get complicated, especially because some of the homes where they have raised their family may be hard to part with. As Forbes reports, their beautiful French home Chateau Miravale, which the couple purchased for 60M in 2012, was the setting for the couples’ marriage in 2014.

Dividing up money is one thing, but tangible assets like homes have more emotion attached to them. Careful agreements that honor both partners’ feelings but make prudent decisions for the family’s future will be the best way forward.

Intelligent Solutions for Complex Divorce

Mediation is a confidential, non-adversarial process that brings complex negotiations about finances into a private space where respectful and useful agreements can be made. At Boileau Conflict solutions we have a reputation as experts in financially complex divorce.

Detailed Financial Analysis: We perform extensive analysis of assets, liquidity, cash flow, and equalization options, which includes child support and spousal support. We also offer the only mediated business valuation of any mediation firm in California.

Unique Approach Combines Mathematics and Psychology: We are developing a mathematical algorithm that uses fair division, game theory, and psychoanalysis, drilling down into both conscious and unconscious preferences and needs.

Flexibility:
We provide several minor and major solution sets for each component and the deal as a whole. This gives the parties a great deal of flexibility.

If you find yourself facing a financially complex divorce that requires an intelligent strategy and thoughtful negotiation of both parties’ needs, please contact us today to see how we can help.

Sources:http://www.ibtimes.com/brad-pitt-angelina-jolie-net-worth-who-gets-money-after-divorce-2419212

http://www.divorcenet.com/resources/divorce/paternity-issues/understanding-and-calculating-alimony-c#b

http://www.forbes.com/sites/trulia/2016/09/21/when-brad-pitt-and-angelina-jolie-divorce-who-gets-the-houses/#3c12e91b1f43

http://radaronline.com/exclusives/2014/09/angelina-jolie-brad-pitt-prenuptial-agreement-custody-will-wedding-kids-children/

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What We All Should Be Wishing for Brad and Angelina: Privacy, Healing and a Good Parenting Plan

September 21, 2016

In one of Hollywood’s saddest splits, Angelina Jolie and Brad Pitt recently announced their divorce, with Angelina citing “irreconcilable differences.”

Their marriage has been short: they wed in 2014, initially delaying marriage as an ethical protest until same-sex marriage was legalized. Angelina is known for her humanitarian work almost as much as for her career as a movie actress, and the couple are an interesting Hollywood pair in that their “power couple” status has always seemed very much secondary to their dedication to their family of six children.

Since the announcement, the media has focused on Angelina’s attorney’s statement that she was divorcing Brad for the health of the family and that she would be aiming to keep full custody of the children and granting Brad visitation rights rather than shared custody. Naturally it didn’t take long for the tabloid media to descend on this detail with rumors of Brad’s drug-use and bad parenting.

But let’s take a moment to look at Brad’s statement and the statement of Angelina’s lawyers:

Pitt told People magazine: “I am very saddened by this but what matters most now is the well-being of our kids.” “I kindly ask the press to give them the space they deserve during this challenging time.” (Source: Reuters)

Here is Angelina's attorney, Robert Offer: "This decision was made for the health of the family. She will not be commenting, and asks that the family be given its privacy at this time." (Source: Reuters)

The theme common to both these statements is “privacy and space.” No matter how hurt or blindsided Brad is feeling right now, it’s clear that he is focused on the wellbeing and stability of his family.

With visitation rather than shared custody, Brad and Angelina will need a well-structured but flexible parenting-plan that ensures the minimum disruption and access to the children’s father, to protect the best interests of the child. Assuming Brad is a competent parent, California law upholds that it’s in the interests of children not to lose one parent because of divorce.

Based on their dedication to their family thus far, let’s give Brad and Angelina the benefit of the doubt. Even if Angelina isn’t comfortable with granting Brad full access to their children, working together must surely be a priority for a couple who have put their children at the center of their lives. The good news for a couple like Brad and Angelina is that they can put their combined resources to work to craft a well-designed parenting plan, they can enlist staff so neither parents get burnt out (especially during the back-to-school period), and over time they can evolve into a new and thriving family that survives the Jolie-Pitt marriage. We can only wish them the best.

Smart Parenting Plans

At Boileau Conflict Resolution, we specialize in crafting intelligent parenting plans that take into account the myriad circumstances a divorcing couple can encounter. We have worked on complex International Parenting Plans, amongst others. We specialize in assisting professional couples with independent or shared resources who are dedicated to career and children, for whom timely and tailored conflict resolution is key. Though marriage may not always be forever, co-parenting is for life, and we believe the best and most discreet solutions can be found through mediation, a process that is timely, cost-effective and offers both partners freedom to choose their ideal future, a freedom often lost during the adversarial litigation process. Mediation proceedings further offer the protection of confidentiality to high profile families. We refer to attachment theory, developmental theory, and psychoanalysis to protect important bonding between parents and children during the process of mediating an agreement. Please contact us today to see how we can help.

Sources: http://www.eonline.com/videos/252758/inside-brad-pitt-angelina-jolie-s-400-million-divorce
http://www.reuters.com/article/us-people-jolie-pitt-idUSKCN11Q1ZK