Some Texans ending a high net worth marriage anticipate having disagreements regarding assets of significant value. They may own numerous properties and may not agree on whether these properties should be considered the property of both spouses or whether they should be considered the separate property of one party. Such is the case in the high-asset divorce of two political lobbyists.
A prominent Washington couple, Tony and Heather Podesta announced that they were separating amicably in 2013. However, according to papers that Tony filed with the court on April 3, they are now squabbling over the division of their property. He credits himself for his wife’s success as a lobbyist. He served as a lobbyist before his wife opened her own lobbyist group in 2007. He says that his wife had a salary of $55,000 a year before the two were married 11 years ago. However, she now earns millions of dollars a year. He says that he taught her everything that he knows in the industry and helped her establish herself with his connections.
He is asking the court to award him all of the properties that he owned prior to the marriage, including real property in Australia, Europe and in the United States. He also asked to keep a sizable art collection. Tony Podesta says that he and his wife have failed to agree on the division of property and that it may be necessarily for the judge to divide the couple’s assets equitably.
Spouses who have assets of significant value to protect often decide to consult with a divorce attorney. An attorney can help someone negotiate for an equitable division of marital assets.
Source: The Washington Post, “Tony Podesta divorce filing: wife Heather Podesta tried to ‘embarrass and harass’“, Emily Heil, April 03, 2014