Hearing scheduled regarding $2 million in legal fees
Ohio residents may be interested in a recent move by the former owner of the Los Angeles Dodgers Major League Baseball team. According to reports, in a case of disputed property division, the man is now pressing his former wife to pay him an estimated $2 million in legal fees that he incurred when she unsuccessfully contested the couple’s divorce settlement in 2013.
The woman’s attorneys had argued that the former Dodgers owner had misrepresented the value of the team in the initial settlement agreement. He sold the team in 2012 in $2 billion, and his wife claimed that she had been cheated out of $770 million. However, a judge disagreed and, in September, ruled that the agreement would not be overturned. In their initial divorce agreement, which came into effect in 2010, she received $131 million tax-free and multiple luxury properties.
The attorneys for the former Dodgers’ owner filed the motion for reimbursement of the fees on Feb. 6. They claim that the dispute had lasted seven months. They also say that she would remain one of the riches individuals in the United States even if she paid for the attorneys’ fees that the man incurred. The motion will be heard on March 12.
Divorces are often difficult, and the process of dividing assets is often complex and subject to dispute. In order to avoid extended legal battles after the finalization of a divorce agreement, individuals may choose to work with family law attorneys that have experience in high-asset property division. Those attorneys may be able to help a client determine the value of all the involved property before an agreement is reached, which may result in a more equitable and less contentious division of a couple’s marital assets and debts.
Source: USA Today, “Former Dodgers owner Frank McCourt seeks legal fees from ex-wife“, February 05, 2014