One Very Expensive Divorce in Russia

One Very Expensive Divorce in Russia

Many of the divorces that hit the newswires are from extremely rich people. The complexity of assets from multi-billionaires and the rich lifestyles they lead make these cases very hard to try. One Russian oligarch may be in for the world’s most expensive divorce. The total payout could be more than $7 billion dollars. That billion with a b!

Forbes has a write up on the history of how Vladimir Potanin got his wealth after the fall of the Soviet Union. He is no stranger to great losses. He lost around $17 billion dollars after the financial crisis of 2008, but he has since grown his wealth back to $15.4 billion. Now, under Russian law, his ex-wife is asking for half of that.

Potanin divorced his wife in 2014 after a 30 year marriage and offered $250,000 a month in alimony to support her and their three children. She thought this was insufficient and has filed proceedings to get half of Potanin’s assets. She has sold her stakes in Potanin’s companies to the state to avoid business entanglement. She has also admitted to CNN that the family used to take $10 million dollar vacations.

Just because you’re not a multi-billionaire doesn’t mean your assets don’t deserve equal care in a divorce settlement. If you are considering divorce, protect your assets by speaking with a skilled family law attorney. If you live in Washington, call Elise Buie Family Law Group, PLLC today for a consultation.


Subscribe to our newsletters

Subscribe to one or more of our newsletters, delivering meaningful insight on topics that matter to you and your family.
ebl home subscribe image


Latest Blog Posts

Child support is one of the most contentious issues in divorce cases where parties have minor children. Even though Washington state law uses the same complex mathematical formula to determine the amount of child support for each child, there is…

Family law and estate planning often intersect. This is particularly true when contemplating divorce, remarriage, or blending families.

At some point during your divorce case, friends and family members whose own marriages ended in divorce probably told you that it gets better, and it does. Of course, from your perspective, getting out of a bad marriage might be…

Co-parenting over a long distance when you are a non-residential parent does not have to equate to sacrificing involvement in your children’s lives. But it likely does mean you will have to make tweaks in your communication and parenting style to accommodate the new living arrangement.

If you have a significant amount of money saved, you might be considering giving some of it away while you are still alive via what is known in estate planning jargon as a living inheritance. Depending on your desires, you can give your beneficiaries a portion of or all of the inheritance you intend to give them.

Estate planning is commonly associated with preparing for asset distribution and financial management in the event of the estate plan owner’s incapacitation or death. However, an estate plan can protect more than just people and what they have worked so hard during their lifetimes to build. A carefully crafted Washington state estate plan can also protect pets.

Despite being divorced, you may still be able to collect social security benefits through your ex-spouse. Even if you went through a high-conflict divorce or are not on good terms with your ex-spouse currently, they cannot stop you from collecting these benefits if you are eligible. Likewise, your ex-spouse does not need to permit you to apply for social security benefits or have previously completed an application themselves.

If you live in Washington State and have an estranged family member, are you worried about them contesting your will after you die? Well, don’t worry quite yet. There are a variety of criteria an individual must meet to contest a will in the state of Washington.

Depending on your situation, there might also be measures you can take as you revisit your existing estate plan or create a new one to cause them to think twice about doing so. Here is what you need to know about whether an estranged family member can contest a will in Washington state.

When parents go through a divorce, child custody can be one of the hardest issues to deal with. But increasingly in American households, pets are part of the family, and separating can create similar concerns over who gets the family pet.

As a Seattle entrepreneur, you’ve undoubtedly dedicated countless hours and resources to building a successful business. You’ve dotted all of your I’s and crossed all of your T’s. But have you considered what will happen to your business after you're…