In the event of a divorce, the court has the authority to divide or allocate all the property and assets belonging to both parties. This includes pension plans, IRAs, and other retirement assets.
The estranged wife of billionaire and newspaper owner Richard Mellon Scaife, the Pittsburgh banking heir turned media mogul, was awarded $725,000 a month in temporary support during their acrimonious divorce, the Pittsburgh Post-Gazette reported Sunday.
A wealthy retired builder has won his appeal over a court ruling that he must pay more money to the woman he divorced nearly 30 years ago. Dennis North, 70, was ordered last year to pay his first wife, Jean £202,000 by a family judge who heard she had “fallen on hard times” after embarking on a lifestyle she could not afford.