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Johnny Depp and Amber Heard complete property division

On Behalf of | Jan 16, 2017 | property division |

Most people cannot imagine trying to divide the assets a divorcing celebrity couple may have. While the average couple may dispute bank and retirement accounts, the fate of the house and who gets the newer car, superstar couples may have millions at stake when it comes to property division. Johnny Depp and Amber Heard have finally finalized their divorce, and the property they divided may leave many in Michigan shaking their heads.

After only two years, Depp and Heard’s marriage came to a stormy end, with well-publicized abuse accusations and outrageous settlement demands. In the end, the couple agreed there would be no spousal support and that Depp would contribute $500,000 toward his ex-wife’s legal fees. The settlement also requires Depp to pay Heard $7 million, toward which he has already given $200,000. The balance will be paid in six installments over the next year.

As for the couple’s other assets, Heard retains ownership of both dogs the couple was accused of smuggling from Australia. She also gets the horse and two vehicles, including a classic Mustang. Depp was allowed to keep all of his properties in Los Angeles, Kentucky, France and the Bahamas. The remaining 42 vehicles will also belong to Depp.

While those in Michigan facing these issues may find it entertaining to hear the list of assets over which the famous couples battled, their personal divorce may not be so entertaining. Splitting assets can be painful and emotional. More importantly, the results of property division can determine one’s quality of life for many years after the divorce. Having an attorney to protect one’s rights during a divorce will help to ensure that he or she receives a fair share of marital assets.

Source: People, “Johnny Depp and Amber Heard Divide Assets“, Mike Miller, Jan. 14, 2017