Sometimes, a married couple, in addition to building a life together, will pursue business efforts together. Special issues can arise when a married couple that has done such joint business endeavors gets divorced. This can be seen in a divorce case that has recently come up regarding two stars of the Food Network: Pat Neely and Gina Neely.
Pat and Gina have been married for nearly 20 years. Gina recently submitted a filing for a divorce.
The Neelys have been the co-stars of the Food Network show "Down Home With the Neelys," which has been running for 11 seasons. But this is not the only joint business endeavor the two have engaged in. For example, they also have a restaurant and have written cookbooks together.
Given how entwined the two were business-wise, several interesting questions arise regarding property division in this divorce. Will ownership and operational control of their restaurant go to just one of them or will it be split between the two? How will future proceeds that come in from their cookbooks be split? How will proceeds from their TV work be divided? It will be interesting to see what terms the property division arrangement that is ultimately reached in this divorce will have regarding these issues.
Issues regarding the division of a business or proceeds from a joint business endeavor can be very complex ones in a divorce and can have some major potential long-term implications attached to them. Divorce attorneys can help divorcing individuals pursue a fair division of such assets.
Source: Los Angeles Times, "Food Network's Gina and Pat Neely file for divorce," Jenn Harris, Sept. 29, 2014