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Home Blog San Diego Family law McCourt High Asset Divorce Settles for $130 Million

San Diego Family Law

James D. Scott, Certified Family Law Specialist in San Diego specializing in divorce mediation and high profile, high net worth divorces.

McCourt High Asset Divorce Settles for $130 Million

Posted by San Diego Family law
San Diego Family law
James D. Scott, Certified Family Law Specialist in San Diego specializing in div
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on Monday, 24 October 2011 in Family Law

The California high asset divorce case involving Frank and Jamie McCourt, the couple that ran the Los Angeles Dodgers until serious turmoil arose during the last year, have settled their divorce case.  However, this case should represent all that can go wrong when a California high asset divorce case spirals out of control, as this one unfortunately did.  There are several lessons that people of a high net worth could learn from this situation.

First, California high asset divorce cases can quickly become messy and nasty to the point where they take years to complete.  This is usually because there are many assets at stake.  In addition, these California high asset divorce cases can become very public in nature, since many people who have earned this type of wealth are generally known by the public.  This is clearly an unfortunate circumstance when a family’s dirty laundry is aired in the media.  Finally, it seems clear in these situations that some planning and some skill from both parties could have led to a faster and more efficient solution.

Specifically, Jamie McCourt will receive a payment of approximately $130 million from her soon-to-be ex-husband, Frank McCourt.  In return, Frank McCourt will get to maintain control of the Los Angeles Dodgers, at least until that ownership matter goes before a bankruptcy court.  Jamie McCourt had been trying to force the sale of the Dodgers to complete the property division aspect of their divorce.

San Diego High Asset Divorce Lawyers

As stated above, while it’s always good to have a California divorce case put in the past for good, this situation should serve as an example of what can go wrong with these cases.  People in this position should plan ahead as much as possible and move past their own emotions so that they can come together and work through these situations as discreetly as possible.

If you are in this position and you’re facing the end of your marriage, you need to seek the help of a San Diego high asset divorce lawyer who has helped many people through this process.  Contact the law office of James D. Scott today to schedule an initial consultation.

James D. Scott, Certified Family Law Specialist in San Diego specializing in divorce mediation and high profile, high net worth divorces.

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