Whether couples in Denver enter into their marriage with assets and properties, or they acquire assets and properties throughout the course of a marriage, those resources must be divided in the event of a divorce. In the absence of a prenuptial agreement spelling out how assets should be split a family law judge will divide up the couple’s assets, including bank accounts, retirement accounts and even artwork based on a number of factors, like valuation of the assets and earnings of the individual parties.
In a relatively unpublicized settlement, Randy Orton, a WWE wrestler, finalized the divorce from his wife. According to reports, Orton’s now ex-wife will keep one of their hopes and her jewelry. She was also given one of their bank accounts. She will not, however, have any rights to his WWE contract, current or future. He was given the rest of their bank accounts and one of their homes, as well as his jewelry. The values of the bank accounts were not reported, nor was it indicated whether the split was equitable.
It is unknown to the public whether or not the couple had signed a prenuptial agreement. As a part of the settlement, Orton will reportedly pay child support, but the amount of support he was ordered to pay was not released. There was also no information reported regarding potential alimony payments.
Anyone who is thinking about divorce may want to speak with an experienced attorney. A lawyer can help to guide you and look out for your interests throughout the property division and settlement process.
Source: Huffington Post, “Randy Orton: WWE Wrestler Reaches Divorce Settlement”, July 10, 2013