On behalf of Stange Law Firm, PC posted in High Asset Divorce on Wednesday, November 29, 2017.
Keegan-Michael Key might be most well-known in Missouri for his comedy work, but he has more recently made headlines for the end of his marriage. His high net worth divorce from Cynthia Blaise was finalized several years after the initial filing. The couple did not have any children, and although they did not have to deal with custody or child support matters, Peele’s high net-worth likely complicated the process.
The couple married in Dec. 1998, and separated in Nov. 2015. Although Blaise works as both a dialect coach and an actress, Peele seems to have greatly out-earned his ex-wife. With a gross annual income of over $2 million, the divorce settlement included an order for him to pay alimony to Blaise.
Most spousal support orders are temporary, but certain factors can necessitate a longer or permanent plan. In this instance, Blaise will receive support until either her or Peele’s death, or unless she remarries. The current support order requires that Peele pay $34,000 each month, and he must also make a one-time payment of approximately $655,650. This payment, along with a timeshare, vehicle and likely other assets, apparently comprise the bulk of the property division issues.
Being involved in a high net worth divorce can be understandably stressful. Both parties likely understand what is at stake and how marital assets of significant value can impact their futures. In most instances, it is a good idea for Missouri couples to take a measured approach to the divorce process. By proceeding with caution and taking the time to fully understand each asset involved in the division process, individuals can make sure that their financial future after divorce is as secure as possible.
Source: People, “Keegan-Michael Key and Cynthia Blaise Finalize Divorce Days Before He Announces Engagement“, Natalie Stone, Nov. 16, 2017