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Raleigh N.C. Divorce Attorneys report – How does ‘celebrity goodwill’ factor into a divorce?

by WebMaster
April 7, 2010
in Legal, Press Release
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Raleigh, North Carolina (WiredPRNews.com) — Leading North Carolina divorce lawyers, Gailor, Wallis & Hunt, report that Tawanna Iverson, wife of 76er’s basketball player all-star guard Allen Iverson, will file to dissolve her marriage of 8 ½ years.

Tawanna filed for divorce through a petition in Fulton County Superior Court, in Georgia, citing her marriage to be “irretrievably broken”. The couple wed in 2001 and has five children together and shares multiple homes throughout the country. Tawanna currently has temporary custody of their children and resides in their Atlanta home, where they have resided since 2009.

In her petition, Tawanna is seeking permanent and sole custody of the couple’s children ranging in age from 17 months to 15-years old. She is also requesting that Allen pay her alimony and child support. Tawanna has also asked that Allen be responsible for all legal expenses and is seeking equitable distribution of all marital assets. The Iverson’s share lavish homes in Colorado, Detroit, and another in Villanova, PA. The couple’s hearing for their divorce was reportedly set for this month.

What is Celebrity Good Will?

One matter that will inevitably arise in the divorce of Allen and Tawanna Iverson is that of “celebrity good will”. This is an issue that includes divisible property interest of the marriage or a factor in awarding alimony and child support. In essence, celebrity goodwill is the enhanced earning capacity or human capital of a spouse who is famous.

In addition to professional athletes, entertainers, politicians and others who are in the public eye and earn wealth as a result are affected by celebrity good will when going through a divorce. Factors that a court may evaluate as necessary for a determination of the existence of celebrity goodwill are age, health, past earning power, reputation in the profession, skill, comparative success and length of time in the profession and other factors.

North Carolina divorce attorneys  (http://www.gailorwallis.com/ourfirm.html)of Gailor, Wallis & Hunt have handled cases in which celebrity goodwill was an issue and worked with national experts in establishing the value of that goodwill.

The experienced team at Gailor, Wallis & Hunt have a great deal of knowledge in the divorce process, especially equitable distribution of marital assets and custody arrangements, and are dedicated to assisting their clients to obtain a fair and equitable settlement or result at trial.

Gailor, Wallis & Hunt

Raleigh Family Law Firm

1-866-362-7586

WebMaster

WebMaster

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