Many Bay area residents may know of Michael Moore—he well known for his documentaries. He is also an author, having written nine books. The author and filmmaker is from the Midwest, and continues to live there. Sources say that he has filed for divorce in his home state after 21 years of marriage.
The couple does not have any children. With a list of film and book credits, there no doubt is some property at issue as he and his wife go through divorce. One source puts Moore’s net worth at an estimated $50 million.
After 21 years of marriage, the couple own property jointly and Moore’s divorce papers reportedly ask the court to enjoin both Moore and his estranged wife from transferring or selling specified types assets (including limited liability companies, stocks and other traditional investments, real property and art) while the divorce proceeding remain pending in court. It does not appear that Moore’s estranged wife has yet responded to the divorce papers.
Many California residents may be aware that family law issues are governed under individual state laws. California is a community property state, which applies to both assets and debts acquired during the marriage. Assets and debts that fall within the scope of community property legally belongs to both spouses until the court issues a final order in the divorce governing the division of property.
Property issues can often be at the center of tensions in a divorce. Classifying property and valuation issues are among the issues that can be complicated. When a divorce involves large amounts and varieties of assets, the issues can become more complex. Resolving property division issues is an important process in reaching a final settlement or order dissolving the marriage.
Source: MLive-The Flint Journal, “Michael Moore divorce: Flint native splits with wife of 21 years,” Ron Fonger, July 18, 2013