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Georgina Chapman may soon file high-asset divorce petition

After years of marriage, some California couples may choose to end their relationships for personal reasons. If those individuals are considerably wealthy, they may face a high\-asset divorce, which could present complications when it comes to property division, spousal support and other financial aspects of the case. Many parties with a substantial amount of wealth choose to create prenuptial agreements to address these areas prior to getting married.

Georgina Chapman and Harvey Weinstein created such an agreement before they married 10 years ago. As part of that agreement, spousal support terms were set, and according to reports, Chapman is in line to obtain $400,000 in alimony for the next 10 years, which coincides with the length of time the couple has remained married. Though Chapman has apparently expressed the desire to end her marriage after the numerous allegations of sexual harassment made against her husband, she has not yet filed a petition.

Chapman has amassed her own wealth through a successful fashion line, but when it was first getting off the ground, Weinstein assisted in its success. Due to his now ill-viewed reputation, the line could see its downfall if celebrities no longer wish to associate with products associated with Weinstein. If this occurs, Chapman will certainly experience financial and personal blows, though she could still end up with approximately $12 million as part of the divorce settlement.

The specific details of a high-asset divorce case could impact its outcomes. If California residents have created prenups of their own, the terms of those documents could guide various aspects of the legal proceedings. In order to get a better idea of how their personal situations could affect their cases, interested parties may wish to consult with legal counsel.

Source: hollywoodtake.com, "Georgina Chapman Worth A Lot Of Money? Prenup Could Give Harvey Weinstein's Wife Millions, But She Could Also Lose Marchesa", Melissa Siegel, Dec. 23, 2017

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