Butler Giraudo & Meister
Peoria 309-407-3332
Morton 309-263-1204

Is your soon-to-be ex-spouse hiding something?

A major part of any divorce revolves around the division of marital property and assets. Illinois is an equitable distribution state, which means that several factors are taken into consideration when making decisions related to a divorcing couple's property and assets. For individuals with a considerable amount of wealth, numerous factors must be taken into consideration with regard to the actual value of assets, consequently, high asset divorces often take longer to resolve. This is particularly true in cases where one spouse attempts to hide assets.

While not a household name, John Sculley is the former CEO of Apple and is perhaps best known as the man who, in 1985, fired the late Steve Jobs from the company he would later go on to lead. After leaving Apple in 1993, Sculley went on to start a successful investment firm. More recently, Sculley has gained media attention for being the subject of a lawsuit filed by his ex-wife in which she accuses the millionaire of hiding assets during the couple's 2011 divorce.

The legal dispute has been brewing since 2013, when Sculley's former wife of 32 years claimed he intentionally hid assets in excess of $25 million from her and her legal team during the couple's divorce. At the time the couple divorced, Sculley produced documentation of assets in the amount of $4.8 million. This amount, however, is in dispute as he's being accused of hiding numerous investments in both private equity firms and businesses.

Recent court documents show that just one of the investments Sculley is accused of hiding is today valued at more than $100 million. In response to accusations that Sculley hid assets during his 2011 divorce, his attorney asserts such claims "have zero basis in truth." The case is expected to continue to drag out as efforts to discover related assets continue.

When going through a divorce, it’s imperative that all marital assets are discovered and accounted for. A divorce attorney can aid in helping discover hidden assets and advocate for a client’s best interests.

Source: New York Post, "Former Apple CEO being sued by ex for ‘hiding millions’ in divorce," Emily Smith, Jan. 25, 2015

No Comments

Leave a comment
Comment Information
  • I cannot even express in words the level of gratitude that I feel. ‘Thank you’ doesn't seem to be enough. Please know that your services and compassion will never be forgotten! I am forever grateful!

  • Thank you so much for your hard work and expertise. I feel as a father in the state of Illinois that what I am trying to achieve is nearly impossible. I am so glad I chose to have your office full of extremely intelligent women represent me.

  • We would like to say thank you for your expertise, education, and kindness when we met with you! Your confidence has helped to comfort us and give us hope that resolution of the issue is possible.

  • I just wanted to say thank you from the bottom of my heart for all your time, energy, and efforts you put into our case. Thank you for helping make our son's quality of life better. I cannot tell you how happy we are!

More Testimonials
Contact Us Today

Contact Our Lawyers About All Areas Of Family Law

We are driven and committed to a successful outcome for all of our clients. To arrange a consultation with attorney Susan Butler, Kelly Giraudo or Tamara Meister, call 309-263-1204 (Morton) or 309-407-3332 (Peoria). You can also contact our law firm by filling out the form below. With offices in both Peoria and Morton, we work hard for our clients while getting to know them as people.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Morton Office
100 S. Main Street
Morton, IL 61550

Toll Free: 888-314-9667
Phone: 309-263-1204
Morton Law Office Map

Peoria Office
416 Main Street
Commerce Bank Building
Suite 927
Peoria, IL 61602

Toll Free: 888-314-9667
Phone: 309-407-3332
Peoria Law Office Map

Morton Office Peoria Office