When a California divorcing couple has significant assets, it can be especially important for both parties to seek both financial counsel and legal assistance. Donald Trump, Jr., and his wife, Vanessa Trump, are both likely seeking guidance from multiple sources to navigate their divorce. The couple was married for 12 years before Vanessa filed for divorce in March 2018.
Both Donald, Jr., and Vanessa have a significant number of assets, both marital and separate. In many states, only marital property or property acquired during the marriage, may be divided during a divorce. Many state statutes specify that any money received from a third-party is not considered marital property.
This is likely good news for Vanessa, whose family recently received millions of dollars as a result of an investment made by her father, Charles Haydon. Haydon apparently invested early in Rao’s Specialty Foods, a company that sells marinara sauce from the famous New York eatery Rao’s, as well as other food products. The company was sold to a corporate firm last year, which meant a large payout for Vanessa and her family. If the former couple has a prenuptial agreement and that the agreement follows the statute, the money Vanessa earns as a result of her father’s Rao’s investment will be hers and hers alone.
In addition to dividing up their assets, Trump, Jr., and Vanessa will also have to figure out a way to co-parent their five children. Multiple studies have shown that children of divorce benefit significantly from having parents that can co-parent successfully.
Divorce proceedings that involve complex asset division issues and child custody arrangements can be difficult to handle. A qualified California divorce attorney can help you work through these issues and help you do what’s best for your family.
Source: People, “Donald Trump Jr. ‘Cannot’ Touch Wife Vanessa’s Marinara Money,” Diane Herbst, May 7, 2018
