Although no one ever plans on one day getting a divorce when they marry, the fact is no one is immune to that possibility. With nearly half of all marriages ending in divorce, even those marriages that have lasted for many years are still susceptible to the possibility of ending prematurely. All divorces are different, but when they involve high assets and a lot of wealth they can become even more complicated.
Singer Neil Young has reportedly filed for divorce from his Wife Pegi after more than 35 years of marriage. According to reports, Mr. Young recently filed for divorce in San Mateo, California, where he is from. The couple has two grown children together, a son and a daughter. The divorce hearing is reportedly set for December of this year.
At this point there were no reports as to whether or not the couple has a prenuptial agreement in place. Likewise, neither party has commented on the pending separation, nor have any of the possible settlement plans, such as spousal support and property division, been reported publicly.
Obviously with many years as a public performer, Mr. Young has most likely earned a considerable amount of wealth. However, how much of his assets his estranged wife will be entitled to will have to be determined as the divorce settlement proceeds. If you are considering divorce and you have many assets involved, then you might want to consider meeting with an experienced divorce attorney who knows how to handle these kinds of cases.
Source: People, “Neil Young files for divorce after 36 years of marriage,” Andrea Billups, Aug. 27, 2014.