Divorce Has Financial Consequences

In a case that could break the record for the biggest divorce settlement, the split between oil tycoon Harold Hamm and his wife Sue Ann is being watched by industry analysts since the couple built Continental Resources, an oil company, together and since he is a sixty-eight percent shareholder. The case is indicative of the financial implications of dissolving a marital union and the need to have an experienced and knowledgeable divorce attorney in Cedar Rapids, IA, at your side if you are also going through a divorce case.

Though most people do not have the financial holdings involved in the Hamm divorce, the large figures being bandied about in that divorce case make it easier to see just how significant of a role money can play in a divorce case. Harold Hamm appears on the list of richest Americans compiled by Forbes at number 35 and is purported to be worth over $11 billion dollars. Mrs. Hamm’s attorney has not indicated whether or not there was ever a prenuptial agreement, but Continental Resources has issued a statement saying that the divorce will not impact the operation of the company.

Sue Ann Hamm filed for divorce nearly a year ago when she discovered that her husband had been having an ongoing affair despite the couple’s nearly 25-year marriage. Up until the Hamms, the largest divorce settlement in U. S. history had been between Rupert and Anna Murdoch with a $1.7 billion settlement. Speculators have indicated that Sue Ann Hamm stands to gain a large percentage of Harold Hamm’s stake in Continental.

When one looks at the Hamms’ situation, it is easy to see that divorce can be a costly business. In order to ensure that your rights are protected as you and your soon-to-be-ex work toward a settlement, it is important that you have an experienced divorce attorney Cedar Rapids, IA at your side that is committed to seeking your best interests throughout the process. Regardless of your assets or whether or not you and your partner had any business holdings, your divorce lawyer will aggressively pursue a fair and equitable division of assets that will hopefully benefit all involved. In addition, if you are due any child support or spousal maintenance, your divorce attorney will make sure that you are not subjected to any financial hardship either now or in the future because of the divorce decree.

Contact a divorce lawyer Cedar Rapids, IA, today if you face an impending divorce so that you can be assured that all of your interests, including those of a financial nature, are protected. Make sure that you get the help you need when you are going through a divorce by working with an attorney who will uphold your rights throughout the process.

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