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.

When someone who owns a business becomes involved in a nasty divorce, everything that the couple has worked for can instantly be put in a position of risk.  This risk not only directly affects the spouses and any children of the marriage, but it can also extend to the employees of the business that one of the spouses owns.  That potential risk has played out in an ongoing Manteca divorce case that now threatens the financial stability of dozens of families of employees.

When people decide that it’s time to end their marriage, many of those who face this situation will hesitate to take the next steps because they have financial concerns.  One of the fundamental aspects of the American economy has always been the real estate market, and as everyone understands the real estate market has suffered mightily during the current recession.  For many people, their home represents their largest investment, and when that investment is not performing, people are leery of liquidating it.

Frank and Jamie McCourt, the couple who have been involved with and both of whom have claimed ownership of the Los Angeles Dodgers, have been mired in a contentious and lengthy California divorce case that has brought about a public spectacle that has almost certainly been difficult for the family to handle.  While their private lives have unfortunately been exposed to a large degree, a request made by Jamie McCourt highlights one of the potential steps that's taken with high asset California divorce cases - a forced sale.

The recent marital problems being experienced by former California Governor Arnold Schwarzenegger and his wife, Maria Shriver have captivated the media for several days.  That’s because of the revelation that the former governor fathered a child out of wedlock approximately 14 years ago with the family’s former cleaning lady.  Now comes word that Ms. Shriver has hired a high profile California divorce lawyer to handle her legal affairs relating to this marriage.