Millions in Assets at Stake in Celebrity Divorce
Channing Tatum and Jenna Dewan announced their separation in April 2018 after almost nine years of marriage. The celebrity couple met as co-stars on the set of the movie Step Up in 2006 and married in 2009. Although relatively unknown at the time of their marriage, both celebrities’ careers have grown significantly since that time and now millions of dollars in assets are at stake in their divorce.
It is unknown at this time whether the couple signed a prenuptial agreement prior to their marriage. Channing Tatum has starred in multiple hit movies since his breakout role, including 21 Jump Street and the Magic Mike movies. He has also earned millions writing and producing major motion pictures in addition to launching his own vodka line in 2017. Tatum is estimated to have a net worth of $60-80 million dollars. Jenna Dewan has secured many television and movie roles since her debut in Step Up, in addition to advertising partnerships with many successful brands such as Danskin. The couple purchased a $6.45 million home in Beverly Hills following the birth of their child in 2015.
California Division of Assets
California is considered a community property state, which means that in a divorce (assuming no prenuptial agreement exists) the marital property of the couple is split evenly. Marital property is defined as all property acquired during the course of the marriage, and this applies to all real property, personal property, and other assets. Under California law, the only exceptions to the community property rules are property acquired prior to the marriage, inheritances, and property acquired after a separation.
Some of the most common marital assets acquired during the course of a marriage include the following:
For high net worth couples, the division of assets is often the most stressful and complex aspect of a divorce. California courts encourage the divorcing couple to agree to a division of assets on their own; however, the court must review the terms and deem it fair to both parties before it is official. The court looks to see whether there is a roughly equal net share of the marital property, regardless of which party made more money or secured more property during the marriage. If the couple cannot come to terms on the division of assets, the issue goes to trial and a judge will decide the final terms. For these reasons, it is imperative that you have a highly experienced divorce attorney by your side to help you through the process and ensure you receive the assets you deserve.
Contact an Experienced Divorce Attorney Today
If you decide to begin the divorce process, make sure you have an expert family law attorney representing your best interests at the negotiation table and in court. Call or contact the Law Office of Bradley S. Sandler today to schedule a consultation for your case.