John T. ChamberlinAttorney at Law
Initial Consultation - Call Now
925-271-5650

Neil and Pegi Young end 36-year-old marriage

While divorces in general can be traumatic, in cases of high asset divorces the additional financial pressure that comes along with the situation brings its own set of problems. California, with its plethora of celebrities, arguably witnesses more high-profile divorces than anywhere else in the United States.

After over three decades of marriage, rock-and-roll legend Neil Young recently separated from his wife, Pegi, also a noted musician, with three albums to her credit. Pegi has been credited as the muse for many of Young's songs in the past. The couple met when Pegi was a waitress and later became Young's backup singer. The couple was also noted for their charity initiations. The couple share massive wealth between the two of them and their young son who has cerebral palsy.

With many costs incurred during the divorce process, many couples have started going for prenuptial agreements. Many find it a difficult discussion to have with their fianc├ęs prior to marriage. However, with the rise in divorce rates in the recent past, it may be a practical solution to safeguard assets, especially in cases where one spouse has amassed a lot of wealth. Furthermore, if one of the spouses is the sole breadwinner, he or she may be obligated to pay the ex-spouse a lot of money as alimony.

In most cases, consulting a professional may be recommended. Due to its vast economic impact on both spouses, high income or high asset divorces can often be rather complex once the divorce is finalized. With that in mind, in many cases prenuptial agreements established at the beginning of a marriage may be beneficial.

Source: LATimes.com, "Neil Young, wife Pegi divorcing; she was inspiration for many songs", Randy Lewis, Aug. 27, 2014

No Comments

Leave a comment
Comment Information

Schedule A Consultation Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

John T. Chamberlin, Attorney at Law
699 Peters Avenue
Suite C
Pleasanton, CA 94566

Phone: 925-271-5650
Fax: 925-462-0837
Map & Directions

Visa | MasterCard | American Express