All Articles Tagged "divorce"
Should all celebrity marriages last forever? These stars certainly didn’t think so. Were their make ups to breakups justified? Or should they have tried harder to stick it out?
NeNe Leakes agreed to “in sickness” and “in health” but not “in infidelity.” When her husband Gregg Leakes let fame get to his head, Real Housewives of Atlanta star NeNe Leakes handed him divorce papers. Not only did he clean up his act, but the tow got re-married on one of TV’s most star-studded weddings.
Having divorced parents can make a person acutely aware of all the little things that can ruin a relationship. Is that a big burden to carry? Yes. But in many ways it is a blessing. Here are some ways having divorced parents could be good for your relationships.
When Taye Diggs and Idina Menzel first announced their split in December 2013, the entertainment world was shocked. The seemingly happy couple had been married for 10 years and had a gorgeous 5 year old son together.
Now, after announcing their split over a year ago, the couple has finally filed for divorce. According to TMZ, Taye filed the divorce petition in New York in November. The couple had remained separated until then.
The couple first met in 1995 on the set of the original production of Rent. The two made a very talented couple. Idina is known for her roles in Wicked and Frozen. As for Taye Diggs, we know and love him from movies like Brown Sugar and The Best Man.
As for the status of their divorce, the two are peacefully settling things.
“Starts off like a small-town marriage, lovely wife and life, baby carriage. Now, all the stars have cars, success of course. But it ends in Hollywood divorce, Hollywood divorce.”
Sadly, yet another celebrity couple bites the dust. This time it’s former “America’s Next Top Model” and actress Yaya DaCosts and her filmmaker husband Joshua Bee Alafia. A rep for Yaya confirmed the story for Us Weekly.
The couple are parting ways after two years of marriage and welcoming their son Sankara into the world in 2013.
The couple married in 2012 during an outdoor wedding ceremony in Pennsylvania. Both have yet to speak publicly about their breakup.
We’re sad to hear about this particularly since they just had a child and Yaya’s acting career is starting to really pop.
She’ll star in the Lifetime Whitney biopic airing on January 17 at 8/7c.
With Gwyneth Paltrow and Chris Martin’s “consciously uncoupling” and various media outlets talking up the climbing statistics of divorce, we’d think everyone’s splitting up. But The New York Times finds divorce is actually at an all-time low. The publication says the institution of marriage is at its strongest after surviving ceiling-shattering 1970s and early 1980s divorce rates.
The New York Times reports that 70 percent of the marriages that began in the early ‘90s have reached their 15th anniversary (excluding couples in which a spouse died). If this trend continues, two-thirds of those marriages will never be taken to divorce court.
There are a few reasons why divorce has been on a decline: people are deciding to marry later on in life, more contraceptive use and the rise of marriages who are based on love and not finances among them. The NY Times links this to how gender roles have changed over the past century. William Doherty, a marriage therapist and professor of family social services at University of Minnesota, says two-thirds of divorce were initiated by women. The NY Times concludes:
“The people who married soon before the feminist movement were caught in the upheaval. They had married someone who was a good match for the postwar culture but the wrong partner after times changed. Modern marriage is more stable because people are again marrying people suitable to the world in which we live. The delay in marriage is part of the story, allowing people more time to understand what they want in a partner and to find one. The median age for marriage in 1890 was 26 for men and 22 for women. By the 1950s, it had dropped to 23 for men and 20 for women. In 2004, it climbed to 27 for men and 26 for women.”
Headline and Global News (HNGN) reports that divorces can also be influenced by age. If you have a five-year age gap, there’s an 18 percent chance of divorce compared to a three percent chance for couples who have a single year age difference. The percentages rise as age gaps widen between couples, with couples who are 20 years a part divorcing at a 90 percent rate.
It is also reported that despite the statistical research, it does not mean long-lasting marriages are healthy or happy. HNGN says many marriages stay intact because of financial, religious, ethnic or child-rearing reasons.
Sue Ann Hamm, the woman who just this week was awarded nearly $1 billion in a divorce settlement with her billionaire husband Harold Hamm, is appealing for more because she says that figure is “not equitable.” The decision is one of the largest in US history.
According to Hamm’s lawyer, the settlement allows her ex to keep 94 percent of the $18 billion increase in the value of his shares of Continental Resources, that company for which he serves as CEO. The judge decided that $1.4 billion of that increase is”marital capital.” That was the basis for his decision.
The former Mrs. Hamm, a lawyer and economist, actually once worked for Continental in an executive capacity. She left the company in 2008 and, according to MSN, worked from home at times while caring for the couple’s two children.
The couple had no prenuptial agreement. Harold Hamm founded the company in 1967 and married Sue Ann more than 20 years later. He grew from the being the 13th child of sharecroppers to the richest man in Oklahoma.
Additional contribution by Tonya Garcia
Originally published November 11, 2014
Wow! This is some divorce settlement.
A wealthy American businessman was ordered to pay his ex-wife almost $1 billion in a divorce settlement. An Oklahoma County judge ordered oil mogul Harold Hamm to hand over $995.5 million to Sue Ann Hamm following a divorce battle that lasted two years and a trial that lasted two months. But Hamm won’t go broke like Ginuwine. Hamm, who is CEO of shale oil producer Continental Resources, is worth about $14 billion. The settlement equals about 7 percent of his worth.
Continental investors were happy with the judgment as they were worried Hamm would be forced to sell off a huge portion of his 68 percent stake in the company, reports The Financial Times.
A third of the divorce settlement must be paid by the end of the year. After that he has to pay $7 million-per-month installments.
“Sue Ann Hamm has already been awarded around $25 million since the case was filed in 2012, the filing says,” reports Reuters. To make sure Hamm pays his former wife, the judge has placed a lien on 20 million shares of Continental stock, according to court papers.
In a statement to Forbes, Hamm seemed happy it was over. He said:
Today Judge Howard Haralson handed down his ruling in the Hamm v. Hamm divorce case. This has been a long and arduous process and we are appreciative of Judge Harralson and his staff for their dedication and attention to the witnesses and evidence presented. This is a fair and equitable outcome to the case.
When all is said and done, the Hamm divorce could wind up being the most expensive divorce ever. “And so much for early speculation, roiling since papers were filed in 2012, that this divorce could end up being the costliest of all time. For now, that title belongs to Russian ‘Fertilizer King’ Dmitry Rybolovlev, who has been ordered to pay wife Elena $4.5 billion,” reports Forbes.
There’s no secret to getting and staying married. But you do have to work at it. And the best time to start is before you tie the knot. Divorce-proof your marriage while you’re still dating and when you do jump the broom, it’s more likely to be forever.
Wait To Tie The Knot
Love at fist sight is a beautiful thing, but couples who wait three years or more to get engaged are 39% less likely to get divorced.
Divorce is not only emotionally draining, but financially draining as well. Bruce Cameron of Cameron Law PLLC tells The Huffington Post the generally accepted figure for a divorce is anywhere from $15,000 to $20,000. “Basically it costs as much to get unmarried as it does to get married,” says Cameron.
The Root Live: Bring It to the Table recently addressed the issue of how to get divorced without going broke. Host Harriette Cole spoke with certified divorce coach Tamara Harris Robinson, who works with families in the transition to divorce, and Prudential professional ShirleyAnn Robertson.
Here are some of the important takeaways:
Make your divorce process as quick as possible. Robinson found herself in a costly, long-drawn-out divorce. “I filed for divorce in 2007 and like most people my only previous court experience was in traffic court or for jury duty,” says Robinson, whose own experience led her to launch her firm to help other divorced women in transition. Instead of being a smooth process, Robinson’s divorce turned out to be very complicated due to joint business ties and children.
“It ended up in a very expensive six-year process,” she recalls. “When I went through my divorce journey I realized divorce was one thing that could really destroy generational wealth.” In other words, with the cost of divorce lawyers being so high, a long divorce can eat into money you planned on passing down to your children.
Look at ways to cut divorce costs. Robinson suggests going over with your soon to be ex what their priorities are. And look at the things you can negotiate on without a lawyer and then tackle the things that are nonnegotiable with attorneys.
Get into reality. Robertson advises her clients to put their old financial life behind. “This transition is about financially redefining yourself. You had two incomes, you were spending summers in Florida and your were going to have a certain lifestyle.” That’s over. But she adds, if you don’t adjust you will be in a disastrous financial space. “You will be living of one income,” she adds.
“Understand your fantasy and what is you new reality,” adds Robinson. It’s a time to move on.
Do you want to cut all ties? With certain assets, such as pensions, you will have to remain in contact with your ex possibly for a long time. Decide if this is something you want. You may decide instead to take a cash settlement up front in lieu of pension payouts, offers Robinson.
I am 20, husband is 21. We have a daughter together but I have 100% responsibility for her and getting her everything she needs and he won’t watch her unless forced to. He doesn’t want to be married anymore because it’s hard. He recently started smoking and. I refuse to be with someone like that. He’d rather be boyfriend and girlfriend. He parties, stays on phone 24-7 and doesn’t help raise my daughter. He’s barely around me but only for sex or money.He wants a divorce and has been distant for almost 6 months but swears he’s not cheating. I don’t know what to do. Let him go and move on or try to make it work?
Don’t Want A Divorce
Dear Don’t Want A Divorce,
Pittsburgh native Damon Young (aka “The Champ”) is the co-founder of the ridiculously popular VerySmartBrothas.com Their first book “Your Degrees Won’t Keep You Warm At Night: The Very Smart Brothas Guide To Dating, Mating and Fighting Crime” is available at Amazon.com.
The idea of marriage once seemed like the missing piece of life’s puzzle to me. You know, finding that special someone who will love you for better or worse, a confidant, and the one who makes it all better when the going gets tough. Marriage, I thought, was somewhat of a completion to an almost whole person–finding the perfect person to complement you. I wanted it. I desired it. I anticipated it. That is, until I began talking to married couples.
Chances are, if you’ve had a conversation with someone who’s married, you’ve probably heard the words “marriage takes work.” Okay, I can deal with that. I never assumed it would be easy, but I didn’t think it would be as mentally, physically, and emotionally taxing as some couples make it seem.
“He gets on my nerves most days.”
“I don’t feel appreciated.”
“She nags way too much and never seems happy.”
“I wish I was single.”
These are some of the complaints that I’ve heard. Then comes the advice.
“Wait as long as you can before getting married.”
“Enjoy your single life.”
Seriously, the conversations that I’ve had with the vast majority of married couples has left me feeling one of two ways: confused or thanking God for my single status. Either feeling is not one that I want to associate with marriage. The good has to outweigh the bad, right?
While I admire couples who stay together despite the hard times and don’t opt for the easier alternative (aka, divorce), the less than optimistic attitude of these individuals has almost crushed a single girl’s spirit. Is this really what I have to look forward to? And sheesh, if you are that miserable, does it really make sense to stay?
I want to get married, but I also want to be happy. Can’t I have both? According to some married couples I can’t, but thankfully there are a select few who still give me some level of hope. They admit that marriage can be tough but believe ultimately that it’s worth it. Maybe those are the ones who married their soul mates and the complainers didn’t. Or maybe they went into marriage a bit more optimistic than some of the others who ‘wish they were single.’ I’m not sure.
But what I am sure about is that marriage is supposed to be one of the best events, outside of having a child, that happens in your life. With some married couples it’s the complete opposite. This frightens me, to an extent. While I’m not as optimistic as I once was about marriage (partly because I thought I would be married by now), I’m still hopeful and won’t allow the jaded perceptions of some to completely change my mind.