• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
Call For A Free Consultation651-686-8800
  • Firm Overview
    • Articles
    • Settlements & Verdicts
    • Video Center
  • Attorneys
    • Jeffrey S. Sheridan
    • DeAnne L. Dulas
    • Andrew T. Hunstad
    • Randall A. Kins
  • Practice Areas
    • Criminal Defense
    • Aggressive DWI Defense
    • Aviation Lawyers
    • Family Law
    • Estate Planning & Litigation
    • LGBT Rights and Family Issues
    • Business Law And Litigation
      • Real Estate Law
      • Small Business Law
    • Federal Workers’ Compensation
    • Other Areas Of Law
  • Blog
  • Contact

Hedge-Fund Owner’s Divorces Involves Artwork, Business

August 1, 2014 by Sheridan & Dulas, P.A.

Each married couple’s circumstances and the existence or non-existence of a prenuptial agreement factor into the ease of a divorce. Property division can be relatively straightforward for Minnesota couples who entered into a prenuptial agreement. Fewer assets or less complex assets also make division somewhat simpler. It’s when business assets, artwork and numerous residences come into play that the divorce will probably require complex property division.

This is likely the future for billionaire Kenneth C. Griffin, founder of Citadel LLC, a hedge-fund firm, and his soon-to-be ex-wife, Anne Dias Griffin. Luckily, the pair did sign a prenuptial agreement prior to their marriage in 2003, which covers property division as well as maintenance and other issues resulting from their marriage.

The Griffin’s marriage is coming to an end after 11 years. The couple has three children together, all of whom are less than 6-years-old. Griffin unilaterally filed for a divorce when his wife and children were gone on summer vacation and without giving her any notice.

His wife’s spokeswoman declined to comment on what assets Anne may ask for in the divorce but those with inside knowledge say that hedge fund finances will not come into play. This is Griffin’s second marriage and it appears that he protected his firm in the event of a divorce.

The couple enjoyed philanthropy and art, which may be additional issues during the divorce proceedings. Together, they were listed in Art News magazine this month as top collectors. They are also major donors to the Art Institute of Chicago. Auction houses will surely eagerly await the divorce settlement to see who ends up with the various pieces of art.

The majority of divorces do not involve hedge-fund owners, but many do entail business assets, vacation homes and art, albeit on a smaller scale. If there is not a prenuptial agreement to address property division, couples may need assistance to help sort through assets and make sure that everything is fairly distributed.

Source: Business Week, “Citadel’s Griffin Seeks Divorce After 11-Year Marriage,” Andrew Harris, Saijel Kishan and Katherine Burton, July 24, 2014

Categories: Property Division Tags: artwork, assets, business assets, complex property division, Property Division

Primary Sidebar

Practice Areas

  • Criminal Defense
  • Aggressive DWI Defense
  • Family Law
  • Estate Planning & Litigation
  • LGBT Rights and Family Issues
  • Aviation Law
  • Federal Workers’ Compensation
  • Business Law And Litigation
    • Small Business Law
    • Real Estate Law
  • Other Areas Of Law

Contact the Firm

    Footer

    Schedule a Consultation

    Sheridan & Dulas, P.A. logo Sheridan & Dulas, P.A.

    1380 Corporate Center Curve #320
    Eagan, MN 55121

    Tel: 651-686-8800
    Driving Directions

    Hours

    Mon-Fri: 8:30 am – 5:00 pm

    Schedule a Consultation

    Practice Areas

    • Criminal Defense
    • Aggressive DWI Defense
    • Family Law
    • Estate Planning & Litigation
    • LGBT Rights and Family Issues
    • Aviation Law
    • Federal Workers’ Compensation
    • Business Law And Litigation
      • Small Business Law
      • Real Estate Law
    • Other Areas Of Law
    The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any matter. The transmission and receipt of information contained on this website, in whole or in part, or communication with the Sheridan & Dulas, P.A. via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient. You should not send any confidential information in response to this webpage. Such responses will not create a lawyer-client relationship, and whatever you disclose will not be privileged or confidential unless this firm has agreed to act as your legal counsel and you have executed a written engagement agreement with Sheridan & Dulas, P.A.. | Copyright © 2021 | All rights reserved | Disclaimer | Privacy Policy | Sitemap