Afeni Shakur's divorce from her husband of 12 years, Gust Davis, may prove to be a financial nightmare because there is no prenup.
Afeni controls the estate of her late son, Tupac Shakur. It brings in around $900,000 yearly. The former Black Panther takes home $20,000 a month. Davis is seeking half of that amount for life.
TMZ reports that in addition to the money, Davis wants to keep his Jaguar, the rights to live in the soon-to-be ex-couple's 50 acre North Carolina ranch and the keys to their houseboats.
Afeni filed for the divorce in North Carolina, following a year of separation from Davis.
Rosen Law Firm defines North Carolina Property Division Law, also known as Equitable Distribution as follows:
Property that is acquired during marriage by one or both spouses, and owned on the date of separation, may be defined as marital property subject to the equitable distribution law of North Carolina.
Excluded, however, from the definition of marital property are gifts and inheritances, received by one spouse only, from third parties, whether such property is acquired during the marriage or not. Such gifts and inheritances are that spouse’s separate property and do not get divided with the other spouse. Gifts from one spouse to the other spouse during the marriage, on the other hand, are presumed to be gifts to the marital unit. Property owned by either party prior to marriage is that party’s separate property, provided that it is not gifted to the marital unit.
Equitable distribution law presumes, further, that an equal (50/50) division of the marital property will be equitable. Most judges in this state favor awarding each party fifty percent of the marital property, unless certain factors make a good case for an unequal distribution.
A prenup would have really come in handy for Afeni.
Follow Me
 |
 |
 |
 |
 |
 |
 |
}
Comments