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November 2014 Archives

High-asset divorce can create complexities in division

In a 79-page ruling, an Oklahoma County court recently ordered a corporate CEO to pay to his soon-to-be ex-wife nearly $1 billion in property division alimony. After a divorce trial that lasted for over two months, the judge ordered the 68-year-old man to pay his 58-year-old ex-wife more than $300 million by the end of the year, with the remaining balance to be paid in monthly installments of no less $7 million beginning in January.