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Former governor involved in high net worth divorce

In Maryland, divorce lawyers are well-acquainted with the issues that are part of a high net worth divorce. A Howard County divorce lawyer must examine the couple’s income and assets to come to a fair distribution of the wealth from the marriage based on the divorce laws in Maryland.

Eliot Spitzer, the former politician and TV personality, is about to experience that process. He and his wife Silda Wall Spitzer have announced that their marriage of 26 years is over. Mr. Spitzer resigned as governor in disgrace following the revelation that he had been patronizing prostitutes during his tenure as the state’s top executive. Ms. Wall Spitzer stood by her husband at the time and they stayed married.

After Mr. Spitzer’s loss in his attempt to win election as New York State Comptroller, it was announced that he is involved with a staffer for new New York City Mayor Bill De Blasio and the end of his marriage was acknowledged.

There are significant assets from the marriage as the two combined to earn $4.2 million last year. Mr. Spitzer comes from a wealthy family and is currently managing his father Bernard’s real estate holdings. The portfolio includes property in Washington D.C. and New York and is worth approximately $1 billion.

In any divorce, there are numerous issues that clients must navigate with a Maryland divorce lawyer. Divorce lawyers see many different situations when they are handing a client’s case. Disagreements regarding child custody and visitation, child and spousal support, division of marital property, and many other factors all crop up when a couple is ending their marriage..

A high net worth divorce tends to escalate the number of issues to work through. In the case of Mr. Spitzer and Ms. Wall Spitzer, there are hefty assets from the marriage and the holdings of Mr. Spitzer’s family. When handling a case of this kind whether it’s a famous person, a politician or anyone else with a large amount of assets to sift through, it is wise to speak to a Maryland divorce lawyer experienced with divorce laws in Maryland before moving forward.

Source: New York Post, “Eliot Spitzer: My marriage is over,” Beth DeFalco, Emily Smith and Bruce Golding, Dec. 24, 2013

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