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Former Bulls star in midst of high asset divorce with wife

When someone who was prominent in any endeavor ends a marriage, it is likely there will be a significant amount of money involved, concerns over property division, alimony and the inevitable issues of whether or not prenuptial agreements are valid or not.

Scottie Pippen, the 51-year-old Hall of Famer who spent the bulk of his career in the National Basketball Association with the Chicago Bulls, is divorcing his wife of 19 years. Pippen and his wife, Larsa, have homes in Florida and Illinois. They also have four children together. The couple married in 1997 and were prominent in the community and visible at social events. Mrs. Pippen was a frequent guest on various reality television programs. Scottie Pippen has asked for parental responsibility for the couple's children and he wants to move them to Chicago. He asked the court that he not be ordered to pay alimony to his wife and he would also like to alter the prenuptial agreement that was signed when they married.

Whether the divorce is one that involves significant assets and is in a contentious dispute, or is one with limited assets and an amicable parting of ways, it is imperative to know the law that will apply. So many different factors will come to the forefront when a couple ends a marriage. If there are children involved, the best case scenario is to have an agreement that both can be comfortable with. Unfortunately, that does not always happen. Other issues, such as business ties, support payments, visitation and much more will be part of the process. This holds true whether it is a famous couple or not.

In the case of Scottie Pippen, he has significant assets and wants to have responsibility for the children. Considering that there was a prenuptial agreement and the parting seems to have numerous issues that must be hashed out, the couple needs to make sure they address each issue in full.

Source: Chicago Tribune, "Scottie Pippen files for divorce from Larsa, his wife of 19 years," Phil Thompson, Oct. 21, 2016

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