Divorces, including uncontested ones, typically involve the division of
assets. This is as true for high-profile, celebrity break ups as it is
for others. Now, as the divorce of Lamar Odom and Khloe Kardashian proceeds,
the well-known couple is moving forward with the sale of their multi-million
dollar mansion in the Mulholland Park area of Tarzana. By all outside
appearances, this particular division of marital assets appears to be
2009 Wedding and Home Purchase
In 2009, the couple became engaged after a high-profile, month-long courtship.
Their wedding was a highly publicized, extravagant affair. As the couple
began their lives together, they purchased a luxury home at the end of
a private cul-de-sac for a reported $3.95 million. The welcoming entryway
featured an elegant courtyard. The interior featured seven bedrooms and
nine bathrooms. A gourmet kitchen was complimented by an outdoor kitchen
located near a pool, spa and covered cabanas. The mansion was jointly
owned by Odom and Kardashian. Later, the property was moved into a shared trust.
Each Has Wealth
Lamar Odom was a long-time star in National Basketball Association. He
parlayed that career and associated endorsements into a fortune estimated
to total about $100 million. Khloe Kardashian joined with her siblings
and mother to create a highly successful reality TV show on E! Entertainment.
Her net worth is estimated to amount to about $18 million.
Home Sale May Add To Assets
Even as the couple dissolves their marriage, they may each add to their
personal assets. That's because the home was purchased soon after
the collapse of the residential real estate market in 2008-2009. What
they bought for just under $4 million is now going on the market priced
at $5.5 million.
Regardless of the value of assets to be divided in a divorce proceeding, a
Baton Rouge divorce attorney will work to ensure that a client enjoys a fair and equitable and division
of marital assets. For additional information, or to discuss the details
of your particular situation, please
contact us today.