Thursday August 8, 2019

Happily Ever After: The Marital Breakdown of Amazon Power Couple, Jeff and MacKenzie Bezos

Posted in: Family Law

Jeff Bezos, CEO of Amazon, and his wife MacKenzie made headlines in January 2019 when they jointly tweeted their plans to initiate divorce proceedings after 25 years of marriage. The internet erupted again a few months later, when Ms. Bezos tweeted out her gratitude at finalizing the divorce, and eagerness for the next phase of their relationship – “as co-parents and friends”.  On the financial front, Mr. Bezos will retain 75% of the couple’s Amazon stock, and all shares in the Washington Post and Blue Origin, a space exploration enterprise. Mr. Bezos will also retain voting control over Ms. Bezos’s Amazon shares – which, representing a 4% stake in the company, are worth approximately US$35 billion.

Very few couples undergoing a separation are faced with divvying billions of dollars of assets. However, like the Bezoses, separating spouses frequently have shared business interests, which can complicate the division of marital property. Advance planning can clarify each spouse’s rights and obligations to a business and promote more amicable and predictable relations in the event of a separation. Spouses can proactively protect themselves and their businesses with shareholders agreements and marriage contracts, with the help of family law and business law professionals. Well-drafted agreements can result in significant cost savings down the line, and offer a sense of security for spouses and business stakeholders.

Lawyers at BOYNECLARKE LLP can help you navigate the legal issues of separation. If you are seeking legal advice, please call 902-469-9500 to schedule your free 30-minute consultation with a member of our Family Law team.

Share This Post:

Ask a question about this post.

Any Questions

Recent Blog Posts

Blog Post | Tuesday October 8, 2019

Supreme Court finds Crown owns Copyright in Land Surveys

Authored by: Marc J. Belliveau Posted in: Intellectual Property

It is not often that our Supreme Court of Canada (“SCC”) decides a copyright case. So, it’s always exciting to read their latest thoughts on the interpretation of the Copyright Act (“Act”).

Read full article
Blog Post | Tuesday September 17, 2019

What are Statutory Damages for Copyright Infringement?

Authored by: Marc J. Belliveau Posted in: Intellectual Property

When you sue someone for copying your original work of art, music, drama or fiction without your permission, it’s often difficult, time consuming and very costly to calculate and prove the full amount of your financial losses.

Read full article
Blog Post | Wednesday August 28, 2019

What’s the Buzz in Music Plagiarism Lawsuits?

Authored by: Marc J. Belliveau Posted in: Intellectual Property

During the last century, composers, musicians and their copyright lawyers held a traditional belief and legal understanding that copyright infringement lawsuits related only to stolen lyrics and copied melodies, but not for more abstract compositional elements.

Read full article
Blog Post | Wednesday August 21, 2019

The Importance of Trademark Searches for the Nova Scotia Craft Brewing Industry

Authored by: Marc J. Belliveau Posted in: Intellectual Property

A recent dispute over a peanut butter flavoured craft beer (produced locally in Bedford) provided an excellent example of the importance of searching the availability of your proposed brand before it is officially launched in your marketplace.

Read full article