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Ken Griffin's high-net worth divorce continues

Saint Charles, Missouri, residents may be interested to know that there are two common types of divorce. The first type of divorce involves divorcing parties who have few properties or assets to divide. The second type involves an array of property and assets, also known as a high-net worth divorce. High asset divorces are often more complicated than common divorces. Such is the case with Ken Griffin, a Chicago hedge-fund manager, and his wife, Anne Dias Griffin.

Based on the most recent legal filing, Anne has requested a temporary restraining order against her husband that would prevent him from entering their marital residence. Ken retaliated by challenging his wife's claims over his credit cards, real estate and private planes. Ken added that his wife is capable of supporting herself with an estimated $50 million worth of wealth. He also stated that he will no longer support his wife's lavish lifestyle. The wife added that her billionaire husband has the means to support their children's lavish lifestyle. Issues concerning the marital residence-which spans floors 66 to 68 of a high-rise building-started when Ken reportedly entered the residence on numerous occasions to remove artwork and furniture and to change security access.

Such cases may take some time before the divorce agreement is signed. However, if both parties are willing to cooperate and talk through the outstanding issues, they can obtain their divorce relatively quickly. Just like other high-asset divorces, both parties must be transparent when it comes to property and assets in order to ensure that they both obtain their fair share.

Legal advice is necessary for people dealing with high-asset divorces. Failure to seek legal advice can result in unwanted consequences, such as one spouse being awarded fewer assets than the other spouse.

Source: CNBC, "Citadel founder's divorce battler over property gets uglier," Kate Kelly, Oct. 22, 2014

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