In March, 2014, an heiress of the Walmart fortune, filed for divorce following a six-year marriage. Her husband is reportedly asking for $400,000 in pre-tax, spousal support. According to a popular entertainment website, his necessities include $80,000 for entertainment, between $40,000 and $60,000 in rent for his home, $2,500 for charitable donations and additional funds for other personal expenses.
The husband claims that he has become accustomed to living an extravagant lifestyle. In addition, he needs time to adjust and prepare for reentry into the job market following the divorce. He reportedly has a prenuptial agreement that entitles him to spousal support. The divorce has been contentious with both sides making allegations. The woman has filed a civil suit claiming that her husband was taking money out of the couple's business, and the husband has alleged that she had an affair.
Navigating a high net-worth divorce can be complex and difficult. A prenuptial agreement can help to protect both parties' interests and reduce conflict. For example, a spouse who put aside a career to be a primary caregiver for the children may use the spousal support that he or she is entitled by an existing prenuptial agreement to pay for necessities while preparing to re-enter the workforce.
A lawyer with a background in high net-worth divorce may help negotiate a fair divorce settlement on behalf of a spouse. In addition, a lawyer may review the divorce agreement to make certain that the provisions in the prenuptial agreement are being followed. If a couple can agree on a divorce settlement, the judge is likely to uphold it and grant a divorce without unnecessary litigation.
Source: The Huffington Post, "Walmart Heiress' Ex Wants A Whopping $400,000 A Month, Including Money For Charitable Donations," Leigh Weingus, Feb. 4, 2015