The Aftermath: What Will Happen to Wendy Williams’ Financial Empire After Recent Divorce?
Just recently, news broke out that television host Wendy Williams has filed to divorce her husband of 22 years, Kevin Hunter. This came after Williams allegedly found out that Hunter fathered a child with another woman.
Though rumors of the television producer’s infidelity have been floating around for years, the last straw came when his affairs began taking a serious toll on the host’s mental health and sobriety.
While their separation is surely on the way, what remains uncertain is what will happen to the couple’s joint assets. Estimates say that Williams and Hunter have somewhere around $60 million between them.
According to divorce experts, the separation will definitely be difficult considering the possible scrutiny from the public and especially the media. There’s also the fact that the couple has been working together on The Wendy Williams Show for years now.
Williams and Hunter most likely to go for a fast settlement to keep things private, according to Maryam Atighechi, a family law attorney. The host would definitely want to avoid being a ‘hot topic’ of her own show.
What more, Atighechi also predicts that there will be a settlement figure and a very strong confidentiality clause involved in the divorce. Unfortunately for both parties, these might mean that they’ll have to spend big bucks to get things done.
Dividing the Estate
But there’s an upside to the situation. If the ex-couple decides to have the case litigated in New York, a fault state, Williams may receive more than half of their joint estate because of her husband’s infidelity.
When it comes to divorce law there are two types of states, no-fault states or fault states. In a no-fault state, litigation will not consider the grounds that led to the separation when it comes to dividing a couple’s estate. Meanwhile, either party can bring in evidence against their spouse so they can gain the upper hand in the division.
However, recent updates on the issue say that the host actually applied for a no-fault divorce.
According to experts, celebrity divorces are always more complicated because of the various contracts and endorsements that they usually enter in. So, Williams and Hunter’s divorce will likely be messy and complicated despite their attempts to fast track it.
Issue of the Prenup
Another thing that’ll complicate matters between the ex-couple is the fact they didn’t have a prenup.
A prenup or a prenuptial agreement is a type of contract that a couple signs before entering into the contract of marriage. The agreement can have a variety of content and cover a lot of bases but usually expounds on the division of property in case of divorce.
According to lawyers, having a prenup is one of the best ways to protect oneself when entering a union were another party brings in significantly fewer assets.
More in Pocket Change
You Won’t Believe What Jennifer Lopez is Doing in This $20 Million New York Duplex
Jennifer Lopez has been having a great year. There’s her recent engagement with her long-time boyfriend Alex Rodriguez. Her recent music...May 1, 2019
Jessica Alba Was Able to Sell Her Spanish-Style Los Angeles Home in Record Time and Everyone’s in Shock
When celebrities list a property up for sale, they typically wait months even years before they’re able to find a buyer...May 1, 2019
Serena Williams Follows This Smart Yet Simple Principle When It Comes to Investing Her Millions
People generally know Serena Williams as an accomplished tennis player. However, she’s spent quite a lot of her time building another...May 1, 2019
Kim Kardashian Just Spilled The Deets on The Best Financial Advice She Ever Gave Kanye West
People were skeptical when rapper Kanye West and reality star Kim Kardashian first got together. Some even went as far as...May 1, 2019
David Lee Finally Shows Full Extent of His Jaw-Dropping Ferrari Collection
David Lee has something that almost all men dream of but only a few will ever get to have: a Ferrari...April 30, 2019
You’ll Never Guess Why Kim Kardashian is Going Back to School
Kim Kardashian is already great in many things. She’s a hundred millionaire, a reality television star, and one of the biggest...April 30, 2019
Offset and Cardi B Finally Spill the Tea on Their Family Life, Career, and Tumultuous Romance
The last few months have definitely been hectic and challenging ones for rap royalties, Cardi B and Offset. There’s Cardi’s well-deserved...April 29, 2019
Priyanka Chopra Says This Simple Principle Is The Secret Behind Her Career Success and Longevity
People may know Priyanka Chopra best as the beautiful wife to singer Nick Jonas but she’s much more than that. Throughout...April 29, 2019
Jeff Bezos Is the World’s Richest Person But Still Drives This Surprisingly Cheap Car
Jeff Bezos is a great many things. He’s an electrical engineer, a generous philanthropist, a CEO and, of course, the current...April 25, 2019