Divorce Lawyers Knoxville

It’s hard to imagine a situation where you lose half your assets and your STILL on the Forbes list of billionaires. But that’s exactly the situation Steve Wynn finds himself in after having finalized a divorce from his wife Elaine. Since they’ve presumably split what they owned she’ll now likely have a separate spot on the list. Forbes gives more details:

News of the split has been public for months, fueled at first by reports in early 2009 that Steve Wynn was dating a younger British woman. The details of their split were later spelled out in a series of company filings that reveal the intricacies of divvying up a fortune worth nearly $4 billion at its height. A January 5th SEC filing shows Elaine P. Wynn, a director at Wynn Resorts since 2002, receiving 11,076,708 shares of the casino company in connection with the couple’s divorce settlement.

Those shares, once held as “community property,” are worth $795 million at the company’s current share price of $72, adding to the $114 million the Wynns realized from stock sales in mid-August.

Some, if not all, of that $114 million will go to Elaine, judging by an August press release, which says the shares “were sold to provide liquidity in anticipation of the change in their marital status.” That pile of dough would leave her with a net worth that approaches $1 billion.

You may not have billions of dollars at stake, but a divorce can wreak havoc on your finances. You need an experienced Knoxville divorce lawyer on your side. Call us today to set up a consultation with an attorney.

When children are involved in a divorce it adds a whole new layer of complexity to the process. Post-divorce many ex-couples are busy trying to work out a co-parenting relationship for the kids’ sake. When one or both parents get remarried, however, the temptation to continue co-parenting at the expense of fostering the new relationships can often cause problems in the remarriage. Deesha at Coparenting 101 discusses this dilemma and shares a few ways to do it right:

In other words: Don’t sacrifice your marriage on the altar of your co-parenting efforts. And to that I say, “Amen and amen.”

Thankfully, neither “JB” (my fiancé) nor I have had any problems striking a balance between co-parenting with our former spouses and tending to our own relationship.  But we realize that more is required of us than this.  And, having both our first marriages end in divorce, we’ve been very purposeful about laying the groundwork for and nurturing a healthy, enduring relationship.  This is what we want to model for four little not-so-little girls who mean everything to us.  To this end, we’re following the “marriage is what you make of it” model, instead of the magical, fairytale “love is all we need model.”

Deesha makes an important connection that many former couples miss: when it comes to remarriage, it’s best for the new couple AND for the children if the new couple(s) have a great relationship. Even if this means the co-parenting of the former couple needs to take a back seat. Check out her blog for a lot of other great posts about co-parenting.

If you’re in need of a Knoxville divorce attorney or child custody lawyer in Knoxville, please call us for a consultation to discuss your case.