Bezos divorce: How Washington's 'community property' will divide the assets of world's richest man - NBC News
NBC News - Fri 11 Jan 19:51 GMT

Bezos divorce: How Washington's 'community property' will divide the assets of world's richest man - NBC News

The settlement between the Amazon CEO and his wife will be decided using the "community property" to divorce law.

  Most states utilize the common law, “equitable distribution” approach, where the default position is that each spouse holds their property during the marriage separately.

  In New York, for example, when both spouses equally contribute to a long marriage, the courts attempt to divide property equally.

  Washington, where Bezos and his estranged wife reside, is one of a handful of states that utilize the “community property” approach.

  The real challenge in the Bezos case may not be for the couple; it may be for the court, which is required to somehow value the marital property.

  Especially in a marriage of 25 years or more, like the Bezos one, a court’s objective is to place the parties in “roughly equal financial positions for the rest of their lives.”