Thursday, March 04, 2004

The simple life of the Richies

The perennial question at the time of divorce is, should there be an award of spousal support? If so, how much and for how long? If you read court decisions, you’d come away thinking that spousal support is the norm. Moreover, it is awarded both to recognize the contributions of each spouse (not only the income producing one) during marriage, and to respond to her or his need to maintain a lifestyle proximate to that at the time of marriage. The idea is that divorce should not result in the enrichment of one at the cost of the other – i.e. the spouse that’s economically less well positioned to start a life alone. If you talk to divorce attorneys, however, they will tell you that the reality is less predictable and only approximately 20% of spouses walk away with long term awards.

And so how should the divorcing Richies be treated by the courts? CNN reports that Diane Richie is asking for support as a matter of fairness. She has been accustomed to spending lavishly (her monthly expenses include: $1000 for laser hair removal, $20,000 for a visit top to her son at boarding school, $450 on facials, $250 on nails, etc.). It would be a hardship to change her lifestyle. I would not be surprised if she were granted quite a hefty monthly sum. This is in the LA jurisdiction – her expenses are likely to be regarded as fair and reasonable.

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