At Sweeney Law Offices, LLC, we are committed to maintaining the highest level of client care while balancing the health and safety of our clients. Per the various orders of the Governor of Pennsylvania and Pennsylvania Supreme Court, until April 30, 2020, Sweeney Law Offices, LLC will remain open remotely, we will be available to communicate with clients via telephone and, if necessary, video calls. We will have regular access to email, fax and U.S. Mail. Although our office location will be generally closed to the public, we have set up a drop box outside of our door, which will be checked daily, so that clients who do not have access to email or facsimile can continue to provide important documents to our office. Please note that we will also continue to accommodate the needs of new clients, who are welcome, and as always we encourage and appreciate referrals. During this uncertain and unprecedented time, please stay safe and remember that Sweeney Law Offices, LLC will remain by your side for all of your family’s legal needs.

Let Our Family Help Your Family

High-asset divorce settlement for Paul Hogan and Linda Hogan

After years spent building a fortune and legacy with a spouse, it can be painful to divide the assets if and when the marriage comes to an end. A wealthy Pennsylvania couple that share ownership of a business or other investments may find it difficult to determine a fair division of their marital property. Recently, Paul Hogan and his wife Linda Hogan agreed on a settlement regarding their own high-asset divorce.

Reportedly, Linda Hogan initially filed for divorce from her longtime husband, citing irreconcilable differences. The couple first met in 1986 during the filming of the first Crocodile Dundee movie and continued to build their legacy with additional films. The successful movies gained the couple financial success and popularity over the 23 years of their marriage.

During settlement negotiations, it was agreed that Paul will solely hold the rights to the Crocodile Dundee films. Linda Hogan will receive a $5.7 million settlement without any future alimony or support. Business and financial situations are unique to every couple and issues may exist regarding independent wealth that one or both parties may have been brought into the marriage.

In addition, the famous couple made an agreement for child custody, detailing a shared situation in which their teenage son will be able to divide holidays and vacations between his parents. A high-asset divorce can sometimes require intense negotiations and a thorough review of all financial information shared between a couple. A Pennsylvania family that seeks to create a settlement that is favorable for both parties may benefit from the professional guidance that is available to both parties.

Source: People, “Paul and Linda Hogan Finalize Divorce“, Mariah Haas, July 23, 2014


FindLaw Network