Divorce by any other name is still divorce – even if you are Gwyneth Paltrow and Chris Martin.
In March of this year, entertainers Gwyneth Paltrow and Chris Martin added the term conscious uncoupling to conversations and social media around the world. In an announcement on the website Goop, run by Ms. Paltrow, the couple announced their separation and their beliefs about coupling and uncoupling.
On the website, following the announcement of their separation, an essay explains the biological and spiritual imperative of people who join together, fall apart and learn from the experience.
Of merit is the civility by which Ms. Paltrow and Mr. Martin seem to conduct themselves during this time, especially given their two young children.
Nonetheless, separation is usually followed by divorce. There are very real legal factors to be discussed as the parties seek to move forward independently. Some of those factors include:
- Custody and parenting time: With two young children, custodial issues and visitation schedules are important. The couple recently purchased a lavish Malibu home purportedly to provide a residence to Mr. Martin when in town to visit his children.
- Asset division: Married 10 years, some sources estimate the couple is worth approximately $280 million. Through the use of trusts and other financial arrangements, this couple is believed to own five properties in different areas of North America.
- Spousal support: While both parties brought wealth to the marriage, Mr. Martin is currently the top earner. Will Ms. Paltrow seek a financial settlement?
It is unknown whether this couple signed a prenuptial or postnuptial agreement. If Ms. Paltrow and Mr. Martin stay the course with their conscious uncoupling, a quiet, private divorce may allow each party, and their children, to move happily into a new future.
When you have questions about high-asset divorce in Fairfield County, speak with a skilled divorce attorney.