In Florida, like many states, the assets and wealth that is accrued by each spouse over the course of their marriage is generally considered marital property. Should a couple decide to divorce, these are the assets that typically must be divided between the spouses. While some holdings, such as bank accounts, can be easy to divide, others, including business assets, may be more complicated.
According to reports, one man’s pending divorce settlement could seriously affect his stake in an Oklahoma-based oil drilling company that he founded 20 years before he was married. When the couple married in 1988, the company was reportedly still relatively small, but it has grown to be one of the largest companies involved in North Dakota’s Bakken Shale formation. Currently, his wealth is estimated to be approximately $20 billion, but it was not reported how much of that is tied up in the company.