Last November, NASCAR driver Danica Patrick announced that she and her husband of seven years, Paul Hospenthal, were separating. Patrick made the announcement through her Facebook page. That announcement was posted one day after the couple's seventh anniversary. In some high-profile, or high-asset divorce cases, media reports may focus on contentious battles between the estranged spouses. However, the Patrick-Hospenthal divorce has no such commentary.
Any divorce may involve emotional issues. Disputes over assets and debts in a complex divorce may create further tensions. But asset valuation itself need not involve emotional issues. Determining the value of a business, for instance, can require complex analysis of the business and the market alike. A recent California lawsuit seeks to revisit asset valuation issues that arose during the McCourt divorce.
Over the past few years, the housing market has seen what many may argue are unprecedented-at least changes that have not been seen before in recent memory. The value of a home may be an important issue when two people decide to divorce. The division of property can, at times, be a contentious issue. In a fairly volatile housing market, issues surrounding the value of property can be a complex issue. In some cases, a husband and wife may have more than one property--leading to more complex valuation issues.
Social media has become a mainstay in American culture. Most Californians have heard of Facebook, and many people use the site as a place to reconnect with friends. Other Facebook users may tend to report day-to-day events--almost using the site as an online diary. When a person is involved in a contested divorce proceeding, comments posted on Facebook are being used more and more in court.