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The high stakes of high-asset divorces

Although the general public may think of Hollywood relationships as perfect, filled with glamour and romance, the truth is that many celebrities experience a great deal of financial worry after splitting up with a spouse. Divorce is just as common among the elite as it is among everyday people. Celebrities, however, often have to deal with the particular problems that accompany high-asset divorce.

Couples in New Orleans may face many of the same issues as celebrities. Divorce proceedings require all couples to begin dividing real estate holdings and other assets. Because celebrities are already in the public eye, details of these agreements and assets are frequently reported.

Recently divorced celebrities Heidi Klum and Seal, for example, announced earlier this year that their 7-year marriage was dissolving. The pair must now worry about the status of their $14.2 million estate, which features such extravagances as a 1603 Scottish fireplace.

Further, singer Katy Perry and actor Russell Brand are now faced with dividing the contents of their $6.5 million exclusive property in Hollywood Hills. Although Brand has moved out, experts are uncertain whether Perry will choose to remain in the 7-bedroom behemoth. Even more devastating has been the split between musical artists Jennifer Lopez and Marc Anthony, who must divide three homes that they own together, including two in New York and one in California.

Other couples affected by the divorce trend include Ashton Kutcher and Demi Moore, Scarlett Johannson and Ryan Reynolds, Kobe and Vanessa Bryant, and Arnold Schwarzenegger and Maria Shriver. Each of these couples must divide more than $2 million in property holdings as a part of their divorce. These high-asset splits can provide daunting challenges for couples, so legal consultation is frequently necessary.

Source: Forbes, "Homes of the Heartbroken: Divorced Celebs' Houses," Feb. 2. 2012

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