When high asset individuals in Ohio decide to get divorced, the adage “discretion is the better part of valor” becomes an important factor. Discretion (which essentially means privacy) may be difficult to manage when emotions are running high and feelings of revenge may take hold.
Of course, no one wants to be an infamous celebrity. But worldwide recognition doesn’t mean that a person could be embarrassed by a divorce in one’s personal and business circles. The story of Tim Duncan is a perfect example.
The 12 time NBA All-Star is a public figure in San Antonio (and probably nowhere else) but it was critical that his divorce be handled privately. Even when the Spurs made it to the Finals last June for a chance at their fifth title, virtually no news of the divorce was shared during the series, even though a petition was filed just before the Spurs advanced.
Duncan and his wife recently finalized the divorce through a private hearing in his lawyers’ offices. Again, with privacy being a premium concern, the parties did not to enable the paparazzi by marching to and from the courthouse. According to Deadspin.com, the judge handling the case came to the offices on his lunch hour and expressed that off-site hearings are not unusual.
The terms of the Duncans’ divorce were not disclosed, but sources close to the couple believe that a prenuptial agreement tempered any disputes over property. The parties ostensibly reached an agreement regarding the couples’ children as well.
If you have questions about how privacy may maintained in your divorce, an experienced attorney can help.
Source: Deadspin.com, Tim Duncan finalizes his divorce in a secret hearing, August 21, 2013