Dayton residents will likely be familiar with the name, Mary J. Blige, the Grammy-winning singer. What they may not know is that for years, Blige claims, she and her husband, Kendu Isaacs, struggled through a bitter high-asset divorce.
The couple has been together since 2003, and while they have no children together, Isaacs has three children from a prior marriage to whom Blige became a stepmother. The singer claimed that she took on more than $10 million in debt as the lone financial provider in the marriage. She also noted in her divorce filing that her husband spent over $400,000 of their money on an affair with another woman. While the terms of their recently-finalized contentious divorce are confidential, upon Blige's filing for divorce in 2016, the court awarded Isaacs temporary spousal support of $30,000 a month.
A high-asset divorce can be particularly sensitive when one partner is responsible for the vast majority of the assets, whether brought into the marriage or earned during it (or both). A prenuptial agreement can help ease anxiety on both sides of this type of marriage and prevent lengthy disputes, should the marriage come to an end. In the case where one spouse's financial contribution drastically increases during the course of a marriage where no prenuptial agreement was obtained, a postnuptial agreement can serve much the same purpose.
Blige recently commented that it can be a challenge to keep up her spirits when she felt that the partner she once loved was now coming after her money. And, she is not alone in those feelings. This is why a family law professional can help Dayton spouses facing a high-asset divorce with support and solid advice based on experience handling similar situations.