No Prenup Means Divorce of NYC Real Estate Mogul and Wife Could Get Messy

August 5, 2016

The contentious divorce between a NY real estate mogul and his wife is generating salacious headlines. Harry Macklowe, a 79-year-old real estate developer in New York, has been married to his wife Linda for 57 years. Now, after nearly 60 years of marriage, the couple is embarking on a high-profile divorce – with the tabloids covering the marital break-up in excruciating detail.

Earlier this year, NY gossip columnists reported that Harry Macklowe was moving in with his girlfriend. Moreover, indicated media reports, the extramarital affair had been going on for more than two years.

The divorce could get particularly thorny when it comes to division of property and assets. That’s because this is a high net worth divorce in which both spouses control assets worth large amounts of money. For instance, Linda Macklowe reportedly controls the couple’s art collection, which is said to be valued at approximately one billion dollars. Beyond that, there is every reason to expect that Linda will fight to keep the art collection after the divorce.

Complicating matters further is the fact that the spouses do not have any kind of prenuptial agreement in place. A prenup is pretty standard in a marriage involving celebrities or individuals with high net worths, but it can also be extremely useful to just about anyone who plans to get married. Without a prenuptial agreement in place, sorting through potentially complicated issues when the couple decides to get divorced can lead to serious problems and delay completion of the divorce process for a very long time.

For additional information about this high-profile divorce case, read the PageSix.com article, “With No Prenup, Real Estate Mogul and Wife Set for Epic Divorce Battle.”

If you are thinking about filing for divorce in New York, you should talk to a qualified divorce attorney who can help you protect your assets. Jonathan D. Katz is an experienced NY divorce lawyer who will assist you throughout the divorce process. Contact Mr. Katz now to schedule a free consultation.

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