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Divorce of Scheana Shay finalized

Florida residents who enjoy the TV show "Vanderpump Rules" might have heard that one of its stars, Scheana Shay, filed for divorce in 2016 in a California courtroom. The court papers listed Nov. 9 as the date of separation.

The couple, who were together for about 15 years, released a statement saying that they were parting amicably. The statement also said that reporting on their relationship had been "misguided".

Shay is keeping two vehicles, a 2009 Nissan that is worth $19,000 and a 2016 Ford Explorer worth $49,000. Her ex-husband will keep the third vehicle, a 2005 GMC Sierra. Shay will also keep a retirement account with $31,000 in it and a bank account with $1,000. Since Shay is getting more assets than her ex-husband, she has also been ordered to pay him an additional $50,000.

Unlike California, Florida is not a community property state. This means that not all assets acquired during marriage are divided equally. However, in general, courts aim for a fair division of property in a divorce. Property division may also be negotiated by a couple outside of court with the assistance of their attorneys. A high-asset divorce might be particularly complicated, and a person involved in one may want to speak to an attorney at a Hillsborough County High Asset Divorce Firm. In a high-asset divorce, there may be multiple homes in other states or even other countries, investments, businesses and other valuable assets that must be divided. Furthermore, people might be concerned that their spouse is hiding investments in offshore accounts or in other ways. If this is the case, they may want to discuss the situation with their attorney.

Source: ET Online, "'Vanderpump Rules' Stars Mike and Scheana Shay's Divorce Finalized", Desiree Murphy, April 29, 2017

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