Nasty New York Divorce in the Works
Cendant Corporation’s founder, Henry Silverman, and his wife of nearly 30 years, Nancy, have recently separated and the NY Post is reporting the split is less than amicable. The 68-year old Henry Silverman has reportedly taken up residence with a 28 year old woman he supposedly met at a Starbucks. It is rumored the new couple are now sharing a rental apartment.
Friends of the married couple report to the Post the couple did not have a prenuptial agreement. “Nancy, who has yet to hire lawyers, is said to be preparing to fight for a huge hunk of Henry’s cash as “she helped him build his business. She was with him when he had nothing.” Henry’s lawyer declined comment. A pal of Henry’s said, “Listen, he’s a great guy. And sometimes as people get older they just want to live their lives and be happy.”
New York is one of the few states left where there are no “no fault” grounds for divorce. Therefore, you still have to have grounds to divorce, for example; adultery, cruel treatment, or abandonment. While the legislature has in recent years considered adding “no fault” grounds for divorce, no such legislation has passed. The basic argument against allowing “no fault” divorces is that it will encourage people to get divorced because it will be too easy. The argument for “no fault” divorce is it provides people a method of divorce where they do not have to spend time and money proving the other party is at fault, which can allow for a more amicable and less expensive proceeding.