Florida fans of actor Terrence Howard may be interested in new information regarding his divorce settlement. Howard had initially agreed to pay $325,000 of spousal support to his second wife, Michelle Ghent. Though the actor has appeared in major films including 'Iron Man," he alleges he is unable make the payments because he only makes about $6,000 per month. Howard claims that his monthly paycheck goes to his first wife, Lori McMasters, to whom he was married for 14 years. This money supposedly covers spousal and child support; his ex-wife reportedly writes him a monthly check for just under $6,000.
Individuals in Florida who are facing divorce may wish to begin the process by evaluating their financial situation. One of the first steps in doing so is gathering documents related to assets as it is important to understand the complete picture before moving forward.
Florida residents might be interested in a recent article discussing mortgages, home ownership and divorce. In many marriages, the couple will buy a home that will be considered joint property. If the couple decides to separate, a number of factors might affect each party's stake in the asset.
Gray divorce is on the rise, according to the National Center for Family & Marriage Research. According to this organization, the divorce rate in Florida and across the United States for individuals over 50 doubled between 1990 and 2010. Additionally, the United States Census Bureau reported that 11 percent of men and 15 percent of women between the ages of 65 and 75 had at least one divorce under their belt in 2010. Individuals who get a divorce later in life may have specific financial concerns to consider.
Florida baseball fans may remember the former owner of the L.A. Dodgers, Frank McCourt, who is currently embroiled in a lawsuit alleging that he and the Dodgers are responsible for the beating of a man at a game. He has taken on some additional legal battles in the wake of his 2012 divorce. He and his former wife, Jamie McCourt, were married for almost 30 years. Jamie also was, according to a judge, a "sophisticated" person who was involved in the ownership of the Dodgers and litigation involving the team. After the divorce, she was awarded $131 million tax-free and also was given ownership of several luxury homes the couple had owned.