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Contentious divorce: Trial begins to divide property

Married couples in Massachusetts often work together to ensure that a business is a success. Because of this joint effort, disentangling assets if their marriage ends in divorce can be complicated. The creator of Cancer Treatment Centers of America, Robert Stephenson, and his ex-wife, Alicia, are familiar with these complications as the trial begins to determine how assets will be divided seven years after Alicia Stephenson filed for divorce.

Robert Stephenson is asking the judge to uphold their prenuptial agreement. That agreement, he claims, stated that property they brought into the marriage individually would not be considered marital property. The agreement reportedly stipulates that Alicia Stephenson will receive $250,000 to purchase a house as well as $5,000 each month in spousal support. In turn, she is expected to finish her college degree and seek employment, requirements Robert Stephenson claims she has not met. He additionally claims that she signed an agreement in April stating that almost all of his assets were not marital property.

On the other hand, Alicia Stephenson argues that she was instrumental in increasing Robert Stephenson's assets from millions to billions by serving on boards and running companies. She says she has lived what she described as a celebrity lifestyle over the years, and she is seeking to maintain that lifestyle. She requests $400,000 a month and other assets.

Although the couple is divorced, a trial is set to determine how assets will be divided as the formers spouses were unable to agree on a settlement. Unfortunately, some people struggle to agree on a division of assets upon their divorce. In a case involving a large estate, having a skilled attorney can be especially helpful for a person seeking  a fair divorce settlement in Massachusetts.

Source: Chicago Tribune, "Cancer center founder's ex-wife seeks $400K/month as divorce trial opens", Robert McCoppin and Amanda Marrazzo, Oct. 19, 2016

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