Colorado movie fans are undoubtedly familiar with Michael Moore's work. The controversial Oscar-winning documentary maker's films include "Bowling for Columbine," "Sicko" and "Fahrenheit 9/11." His wife, Kathleen Glynn, was a producer on several of his movie projects. News outlets recently reported that Moore and Glynn are getting divorced after 21 years of marriage.
The 59-year-old Moore filed divorce papers in his home county in Michigan. The couple has no children, and the divorce papers state they no longer live together. The couple reportedly has a home worth $1.2 million on a lake.
Like any high-profile couple going through a dissolution of marriage, Moore and Glynn will have to deal with some complex asset division problems. There is reason to suspect the process may not be amicable: in the divorce papers he filed, Moore reportedly seeks a restraining order preventing any joint assets from being sold.
In Colorado, asset valuation and asset division are critical aspects of any divorce proceeding involving high-earning couples. The parties and their lawyers will have to inventory all their assets, including real estate, retirement plans and other property interests. They will then have to categorize each asset as either marital property or separate property. Under Colorado law, marital property is property acquired during the marriage by either party; it is divided equitably by the court. Separate property is property either spouse brought to the marriage, or acquired by gift or inheritance during the marriage. Separate property remains the property of the spouse who owns it. Throughout this process an attorney with experience in complex property division issues is essential.
Source: People.com, "Michael Moore Divorcing Producer Wife Kathleen Glynn," Andrea Billups, July 19, 2013