Generally, Minnesota residents are known to be easy-going and amicable, which aligns with the well-known “Minnesota nice” description of the people in the region. But like anyone else, Minnesota residents go through the natural up and downs in life. For divorcing couples, this could mean an emotional and heated dissolution filled with divorce and spite. This is unfortunately the case for an Edina couple whose bitter divorce battle has already spanned four years.
Based on recent reports, the case involves plenty of money, well connected people, exotic destinations and even a private jet. While these aren’t typical factors in the average Minnesotan’s divorce, this one speaks to a true high-asset divorce dispute over property division.
While the Edina divorce has been completed for a couple years, the dispute revolves around the question of alimony paid to ex-wife from ex-husband. The wife alleges that she deserves a greater percentage of her ex-husband’s $500,000 annual income. This is because the husband and his family have millions in trusts, assets and other commodities to their name. The wife alleges that because of this amount of wealth, the many years of being a dutiful wife and mother and her accustomed lifestyle, she is owed more than a percentage of her ex-husband’s annual income.
The wife has gone on record by giving warning to other women who give up their careers for their families. She wholeheartedly believes that the opportunity cost of raising a family and being a housewife is losing out in the rat race with the inability to achieve a successful career. Not every woman in a divorce finds herself in such a situation, but it is true for some homemakers whose top priority was raising their children and being head of house.
There is much to be determined with the Edina couple’s alimony situation. Both sides firmly believe that they are right. While it is uncertain how it will play out in the end, it shows what can happen when two divorced people cannot reach an amicable agreement. With the children between them, it must not make for an ideal situation.
Going through a divorce often means sorting through many assets and property and making many major decisions that could impact the divorcing couple long after the divorce is finalized. Those dealing with post-divorce issues regarding terms of a divorce should understand that he or she has options to resolve these matters.
Source: startribune.com, “Millions of dollars, wild cast of characters in bitter Edina divorce,” John Reinan, Jan. 11, 2016