Family Court Practice, The
Order the 2021 edition due out in May
Court of Protection Practice 2021
'Court of Protection Practice goes from strength to strength, having...
Jackson's Matrimonial Finance Tenth Edition
Jackson's Matrimonial Finance is an authoritative specialist text...
Latest articles
Queer(y)ing consummation: an empirical reflection on the Marriage (Same Sex Couples) Act 2013 and the role of consummation
Alexander Maine, Lecturer in Law, Leicester Law School, University of LeicesterKeywords: Consummation – adultery – marriage – empirical research – LGBTQConsummation and...
A v A (Return Without Taking Parent) [2021] EWHC 1439 (Fam)
(Family Division, MacDonald J, 18 May 2021)Abduction – Application for return order under Hague Convention 1980 - Art 13(b) defence – Whether mother’s allegations against the father...
Domestic Abuse Toolkit for Employers
The Insurance Charities have released an update to the Domestic Abuse Toolkit for Employers.Employers have a duty of care and a legal responsibility to provide a safe and effective work...
Two-week rapid consultation launched on remote, hybrid and in-person family hearings
The President of the Family Division, Sir Andrew McFarlane, has announced the launch of a two-week rapid consultation on remote, hybrid and in-person hearings in the family justice system and the...
Pension sharing orders: Finch v Baker
The Court of Appeal judgment in Finch v Baker [2021] EWCA Civ 72 was released on 28 January 2021. The judgment provides some useful guidance on not being able to get what are essentially...
View all articles

Jeff Bezos divorce: How Washington's 'community property' will divide the assets of world's richest man

Jan 14, 2019, 08:01 AM
Jeff Bezos Amazon divorce
Slug :
Meta Title : jeff Bezos Amazon divorce
Meta Keywords : jeff Bezos Amazon divorce
Canonical URL :
Trending Article : Yes
Prioritise In Trending Articles : Yes
Date : Jan 14, 2019, 07:58 AM
Article ID :

Analysis: The settlement between the world's richest man and his wife will be decided using the "community property" to divorce law in the U.S.

Bezos and wife

Jeff Bezos and his wife

Amazon CEO Jeff Bezos announced this week that he and his wife MacKenzie are seeking a divorce. The two were married in 1993 and have four children. Bezos founded the company in 1994, just after his marriage.

Bezos is considered to be the world's richest man, with an estimated worth of $112 billion. He also reportedly did not have a prenuptial agreement with MacKenzie. That means, following his divorce, his wife could become one of the world’s richest women.


There are two main approaches to dividing up marital property in the United States: “equitable division” and “community property.”

Most states utilize the common law, “equitable distribution” approach, where the default position is that each spouse holds their property during the marriage separately.

In New York, for example, when both spouses equally contribute to a long marriage, the courts attempt to divide property equally. However, equitable distribution does not necessarily mean equal distribution. Equitable distribution views marriage as an economic partnership to which both parties contribute as spouse, parent, wage earner or homemaker.

The distribution of assets depends not just on the financial contribution of each spouse, but also on a wide range of unpaid services to the partnership, such as homemaking, raising children and providing the emotional support to sustain the other spouse at work.

Read the rest of the NBC news article here

Categories :
  • Articles
  • News
Tags :
Provider :
Product Bucket : Family Law (General)
Load more comments
Comment by from