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

Ex Clippers owner, Sterling, files for divorce in California

This blog recently discussed the role alimony, or spousal support, plays in many California divorces. In addition to some of the concerns that may arise during the divorce process related to spousal support, high asset divorces can lead to increased complexities sometimes not present in divorces that do not require similar division of substantial assets. California couple Donald and Shelley Sterling, who previously owned the Clippers NBA franchise, is divorcing. Donald recently filed for divorce from his estranged wife Shelley. Shelley is now seeking alimony from Donald, however, the amount she is seeking in spousal support is unclear.

The Sterlings have considerable assets together to divide. The couple is noted to be worth $3 billion and recently sold the Clippers for $2 billion in the wake of scandal. Shelley's motive for the alimony request is unclear, however, it is a request that can certainly be made in the circumstances. Shelley was recently awarded $2 million from her husband's mistress following the aid of her divorce attorney in the proceedings. High assets divorces may require a thorough accounting of assets and complex valuations of the assets the couple shares.

Under California law, property is divided during a divorce according to community property rules. Community property rules provide that each spouse receives half of the marital property. Because of the equal division of property, it is important that all of the property the couples shares is properly accounted for and valued. Property division in any divorce proceeding, including high asset divorces, can sometimes cause a certain amount of anxiety for divorcing spouses. Knowledge of the property division process can help a couple navigating the divorce process understand what to expect which can be helpful for a number of reasons.

Source: Larry Brown Sports, "Donald Sterling's wife Shelly seeking alimony," Steve DelVecchio, Sept. 4, 2015

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