Goddard & Malmquist
For experienced representation
Call our firm 847-382-3995
Menu / Navigate In This Section

Over when it's over: divorce, property division and moving on

The saying "it isn't over 'til it's over" is often associated with a baseball player, Yogi Berra. But it is a basketball player who is experiencing that phenomenon now with his divorce settlement.

The player is Dwayne Wade, an Illinois native who is one of the stars of the Miami Heat. Two years ago, in a bitter child custody battle, Wade was awarded custody of the two children he and his ex-wife have.

But that award did not mean the issues in the case were over. This week, Wade's ex-wife filed a lawsuit alleging Wade has not fulfilled his end of an agreement to divide proceeds from his endorsement deals.

This is not a lawsuit seeking to modify the terms of the divorce settlement. The suit contends, rather, that Wade and his advisers engaged in a conspiracy to violate the terms of a contract between the two former marriage partners.

According to the lawsuit, the contract required money from Wade's endorsements to be placed in a joint bank account with his ex-wife. 

A case like this shows how contentious property division issues can be, even after they are seemingly resolved.

To be sure, it is not uncommon for one party to seek modification of the terms of a divorce settlement based on changed financial circumstances. For example, child support awards can be modified up or down based on parental income.

In the Wade case, however, what is alleged is a separate contract between the former marriage partners. And the resolution of the dispute about that contract will not be over until it's over.

Source: Chicago Tribune, "Dwayne Wade's ex-wife sues him for at least $1 million," Kim Geiger, July 10, 2013

No Comments

Leave a comment
Comment Information

Learn How We Can Help You

Schedule Your

Bold labels are required.

Contact Information

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.

Goddard & Malmquist

Goddard & Malmquist
1250 South Grove Avenue
Suite 101
Barrington, IL 60010

Phone: 847-382-3995
Fax: 847-382-4038
Map & Directions

Chicago Office
333 W. Wacker
Suite 500
Chicago, IL 60606

Map & Directions