Bonnie Frost Mentioned In The Atlantic Article, “How Divorces Work For The Super-Wealthy”January 11, 2019 | by Einhorn Harris
mJeff Bezos is splitting up with his wife—which means they have an estimated $137 billion in assets to divvy up.
“In states without community-property laws, the default is a principle called “equitable distribution,” under which divorcés’ stuff is instead divided up based on a range of factors, including the role that each spouse played in building up a fortune. “You could have a 75-25 split, a 60-40 split, a 50-50 split,” says Bonnie Frost, a family-law attorney in New Jersey…”
When a couple in an equitable-distribution state doesn’t agree to a settlement, it gets worked out in court, and the judge considers a variety of criteria. Frost says that generally, the longer the marriage, the closer the split will be to 50-50. But, she says, “if you’re divvying up 20 billion, and you’re getting 1 billion and someone else is getting 19 … a judge might say that’s enough for you.” Even if $1 billion isn’t equal, it’s still plenty to live on, the reasoning goes.”
Click here to read the article in it’s entirety.