THE Amicable Divorce Expert with Judith Weigle
Society & Culture:Relationships
KATIE MALONEY & TOM SCHWARTZ – Vanderpump Rules stars
KELLY CLARKSON & BRANDON BLACKSTOCK
One of the hardest assets to deal with is the house. And when you’re a celebrity, you probably have an expensive home and maybe several of them. Our two celebrity divorces are Kelly Clarkson, winner of American Idol, singer, and talk show host, and her music manger former husband (divorce final in September of last year) Brandon Blackstock; and Katie Maloney & Tom Schwartz of Vanderpump Rules, Sur Restaurant and Tom Tom nightlife spot.
Real estate was part of their divorce and our topic for today.
Real estate is expensive, most times the most valuable asset people have, and the hardest asset to move forward, in many cases, by the time the divorce can be final. It’s emotional and financial. Emotions drive the initial decision. Then logic sets in. Or not. It just gets crazier, more complicated and back to emotional.
Let’s look at Katie Maloney and Tom Schwartz first. They had a very amicable split and mutual decision on selling the house. Katie was quoted in US Weekly saying that the decision was, in fact emotional at first, but then she went through the numbers to see if it was financially feasible for her to keep the house, and that logic became her determining factor to sell the house. It was too much of a financial burden for her to keep it and pay for everything herself, even with her cast member fee with Bravo for the reality show Vanderpump Rules.
Now let’s look at a more complicated situation, Kelly Clarkson and Brandon Blackstock. Many celebrities invest in real estate. It’s safer and more lucrative than stocks, typically. It’s also a tangible asset, which means that failing a flood, hurricane or fire, you always know how the asset is doing, and the volatility in the real estate market is far less than the volatility in stocks. There was a pre-nuptial agreement, and this one piece of property, a ranch in Montana, was solely Kelly’s in the pre-nup. But Brandon, as so many spouses do at the time of divorce, wanted to contest the pre-nup as far as the community property status of the Montana Ranch was concerned. No contest; it went to Kelly.
Here’s what happens with most divorces when the house is the largest asset and some complicated situations arise:
#realestate #dividingthehouse #buyout #TitleTransfer #equity #realestateadvice #realestatemediation #loanrefinance #communityproperty #equitabledivisionofassets #divorcesettlement #nesting #mediation #amicabledivorce #appraisingthehouse
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The Maverick Show with Matt Bowles
Now You Know One Autistic! Podcast
We Can Do Hard Things
The Viall Files
Unlocking Us with Brené Brown
Let’s Be Honest with Kristin Cavallari