Ciancio Ciancio Brown, P.C.
Main Menu Office/Contact

Leaders in Litigation

NBA star's divorce final, but asset division disputes are ongoing

Celebrities and other high-profile couples not only have to deal with media attention during divorce proceedings, they are often also involved in multiple, drawn out hearings in order to divide assets and reach settlements. Marital property, non-marital property, business assets and retirement accounts are among the numerous types of assets that often must be valued and distributed in divorce settlements.

NBA star Dwayne Wade's divorce has been finalized, but he is still involved in proceedings with his ex-wife to determine property division, as well as equitable division of other assets and funds. No specifics were released regarding the marital assets they have yet to distribute, but a hearing is set to take place in their home state in the near future. Property obtained during the marriage, shared bank accounts and other assets could be among the details to be sorted out in the upcoming hearing.

In the initial settlement, Wade paid his wife a lump sum of $1 million and agreed to pay her an additional $35,000 per month, including $10,000 for traveling expenses alone. It is unknown if the monthly payments are for spousal support alone, but it is likely they do not include child support because Wade has custody of their two sons. It was not reported if additional funds or support payments would be addressed in the former couple’s upcoming court hearing.

When divorces are being settled, both involved parties want what they feel is theirs and what they feel they are due. It is the job of family law courts to fairly determine the valuation of assets, properties and funds and to preside over the division of those assets. If you considering divorce, you may want to consider obtaining legal representation to help look out for your interests during the settlement and property division process.

Source: Miami Herald, “Miami Heat’s Dwayne Wade paying $25,000 a month in alimony”, Jose Lambiet, April 25, 2013

Email us your case details

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

Ciancio Ciancio Brown, P.C.
390 Interlocken Crescent,
Suite #350

Broomfield, CO 80021

Broomfield Law Office Map

Ciancio Ciancio Brown, P.C.
Downtown Denver Office
1660 Lincoln Street
Suite #2045
Denver, Colorado 80264
Downtown Denver Law Office Map

Ciancio Ciancio Brown, P.C.
Uptown Denver Office
1741 High Street
2nd Floor
Denver, Colorado 80218
Uptown Denver Law Office Map

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.