Can the Lower Income Spouse Keep the Most Valuable Marital Home?
The fun of reading news about celebrity divorce cases is the knowledge that, even though some people have a lot more money than you do and seem to be living the dream, they have problems, too, and they struggle with interpersonal relationships as much as you do. Until you have done it, owning more than one real estate property sounds like it would be a lot of fun. High net worth divorce is a unique kind of pain, though. The more marital property you own, the more your divorce costs, and the more acutely you feel the financial losses when the court awards what it considers a fair share of marital property to your ex-spouse. If it is any consolation, people who were rich when they were married have to downgrade their lifestyle when they get divorced, just like you did. If you have reached the decision that you are incompatible with your wealthy spouse, and that the reduction in wealth is a small price to pay for the peace of mind of leaving a bad marriage, you can take consolation in the fact that plenty of other formerly wealthy people have adjusted to a financial new normal after divorce. If money was not enough to save your marriage, contact a Boca Raton divorce lawyer.
You Will Probably Need to Return to the Workforce, Even If Your Spouse Is Loaded
Ryan Lochte and his wife Kayla Reid have made a career of persuading the public that they were living the dream. He began his career as a swimmer, winning numerous medals at the Olympics, and she began as a model, but they have appeared on reality television, together and separately. In the spring of 2025, Reid filed for divorce from Lochte after seven years of marriage.
In her divorce petition, Reid requested exclusive use of the couple’s main residence in Terrace, Florida. She also requested primary residential custody of the couple’s three children, as well as rehabilitative alimony. Reid’s request for rehabilitative alimony implies that she reduced her employment activities during the marriage and plans to return to full-time employment after the divorce, but she will require additional education to prepare her for work that will enable her to be financially independent of her ex-husband.
Lochte filed a response to Reid’s divorce petition, contesting her request for exclusive possession of the house in Terrace. The Yahoo news website indicated that, since the couple separated, Lochte has been living in another house belonging to the couple. This implies that they own at least two houses. If the case goes to trial, the court will likely award one of the houses to Reid, even if it is not the one that she originally requested.
Contact Schwartz | White About High Net Worth Divorce
A South Florida family law attorney can help you if you and your estranged spouse are fighting over your marital home, even if you own more than one marital home. Contact Schwartz | White in Boca Raton, Florida about your case.
Source:
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