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Making sure that assets are divided fairly in a divorce can be difficult, especially when those who are divorcing are wealthy. Wealthy couples may struggle to figure out how to divide illiquid assets.
Beyonce's father given break in child support
A California judge recently ordered a $9,500 cut to the monthly child support payments being made by Mathew Knowles, father of pop star Beyonce Knowles. Knowles had been paying $12,000 a month to an actress, with whom he has one child. Knowles' child was the product of an affair, which became public knowledge in 2009.
SupportPay might help with child support
While divorce and family law cases in California may be highly emotional in nature, they often are worked out as business transactions. Divorce agreements and child support orders provide the basic provisions that bind two or more parties, much like a contract. A divorced mother saw this connection and decided to create a child support app that would model the business world.
