Richard Gere to separate from wife of 11 years

 Posted on September 27, 2013 in High Asset Divorce

Though some say celebrity marriages are prone to divorce, fact is, divorce is fairly common in all parts of society - movie stars and average Joes alike. But when celebrities get divorced, the fallout is often more difficult, due to a number of factors.

First, of course, is the public nature of the split. Media outlets often cover celebrity divorces, which makes it more difficult to keep disputes from growing into arguments. Average couples often like to keep their divorce process private or semi-private. This allows for the divorce to have a minimum effect on their personal lives. Obviously, this is impossible for celebrities.

Money is another key issue in celebrity divorces. For obvious reasons, celebrity divorces are almost always high-asset divorces. These splits can be very complicated, as there is so much property to be evaluated and divided. Managing property division among average high-asset couples can be tricky enough; among celebrities, it can be a nightmare.

These are the issues currently faced by Richard Gere, the lead man of the hit movie "Pretty Woman." He is reportedly seeking a divorce from his wife of 11 years, Carey Lowell.

The reason for the separation is one that is all too familiar for many couples. Over the years, the two have reportedly drifted apart as their interests diverged. Gere, a practicing Buddhist, reportedly prefers a quiet, private life. Lowell prefers a more public scene, socializing with other celebrities. In the face of these differences, the two have apparently decided to go their separate ways.

Of course, there are a number of issues that will need to be sorted out before the split. First and foremost is the fate of their 13-year-old son, Homer. Provisions will have to be made for his custody and visitation. Of course, Gere and Lowell's fortunes will have to be split. After 11 years of marriage, it may be difficult to determine how the couple's assets will be divided. That is an issue that will be decided in the coming months.

Source:
The Huffington Post, "Richard Gere, Carey Lowell Split After 11 Years Of Marriage (REPORT)" No author given, Sep. 25, 2013