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High asset divorce: Billionaire's ex wants more than $975 million

Oil magnate Harold Hamm was ordered to pay his wife, Sue Ann Arnall, $975 million last November at the conclusion of their divorce trial. Arnall immediately announced her plans to appeal the divorce award because she felt it only represented a fraction of the couple's marital estate, and that she deserves much more than $975 million. She reiterated her wish to appeal the property settlement earlier this month, even after she cashed the billion-dollar check.

Arnall's appeal of the divorce ruling protested the fact that Hamm has been permitted to keep almost all of the couple's marital estate, which she estimates to be approximately $18 billion. According to legal experts, though, the fact that Arnall cashed the divorce settlement check may make her appeal more difficult. Cashing the check could be interpreted that she has de facto accepted the divorce ruling's terms.

Lawyers representing Hamm agree that the cashing of the check should end her case, and Hamm will pursue its dismissal on those grounds. Hamm also entered an appeal of the divorce ruling last month, as he claims that declining oil prices have caused him to lose a great deal of his fortune.

Hamm and Arnall's divorce began in 2012 after 26 years of marriage. The divorce court's ruling on the matter made it one of the biggest divorces in U.S. history.

Illinois residents who are in the throes of a high asset divorce may want to retain a highly experienced family law attorney to represent them in their case. An attorney who is experienced in high asset divorce matters will have the tools and skills necessary to stay organized through the complex maze of financial documents, appraisals, marital property determinations and other factors to help an individual protect his or her rights and property through the divorce process.

Source: Huffington Post, "Harold Hamm's Ex-Wife Vows To Appeal Divorce Case After Cashing $975 Million Check" Jan. 12, 2015

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