Divorce trial ‘lifestyle analysis’: Ex-wife needs $5 million a year – Chicago Tribune
Divorce trial ‘lifestyle analysis’: Ex-wife needs $5 million a year
With multiple homes, a full-time private chef, vacations, entertainment and $746 for pet care, Alicia Stephenson needs more than $400,000 a month to meet her living expenses, according to testimony from a financial expert who specializes in divorces.
Cathleen Belmonte Newman, a certified divorce financial analyst, said she completed a “lifestyle analysis” to determine that Stephenson would need $433,991 “net” in monthly maintenance to keep up a standard of living similar to what she had during her marriage to Richard Stephenson, the multimillionaire founder of the Cancer Treatment Centers of America hospital network.
Seven years after she filed for divorce, a trial is underway in McHenry County to determine Alicia Stephenson’s financial settlement. She signed a prenuptial agreement before the couple married in 1991, but it said monthly maintenance would be up for negotiation if the marriage lasted more than seven years. The two sides also are at odds over her possible stake in several other assets.
Newman completed her third day on the stand Tuesday after Richard Stephenson’s attorneys scrutinized her analysis, methods and qualifications and whether the expenses she outlined are simply “desires and wants.”
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