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Colorado: Divorce settlement for Rupert Murdoch

Couples may reach the point in their marriage when they decide that they are not working well as a couple and may be better as individuals. Some Colorado couples may have experienced this in their own marriage. Divorce may be the only solution in cases like this. This can be the case even if the couple is financially well off and has been married for fourteen years or more.

The ideal situation is that both parties agree to all terms amicably; however, many couples may already know that rarely happens. It might not be that simple due to contributing factors such as children or large estates. One media mogul has learned that if both parties can negotiate their own agreement, there may not be a need for a trial. Rupert and Wendi Murdoch, in the process of their high-profile divorce, had signed a 100-page agreement that they presented to the judge in a 15-minute hearing. With this much attention to detail, a trial became unnecessary.

The biggest point of contention surrounded custody arrangements for the couple's two daughters. The issues were where the two daughters would live and if their standing in the family trusts had changed since Rupert has four other children from two previous marriages. This may come as no great surprise as Rupert Murdoch is said to be worth an estimated $13 billion due to his ownership of a multibillion-dollar media conglomerate that includes the recently split divisions of News Corporation and 21 Century Fox.

As many Colorado couples may be aware, marriages do not always last forever. When they do not, divorce negotiations may help the parties reach a settlement that both can agree upon so they can move on to start their new lives amicably. Once a settlement is drafted and executed, it can be presented to a judge to finalize the divorce.

Source: The New York Times, Rupert and Wendi Murdoch Reach a Divorce Settlement, Peter Lattman, Nov. 20, 2013

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