What’s at Stake in Reese Witherspoon and Jim Toth’s Divorce: From Real Estate to Her Net Worth of $430M
Reese Witherspoon and Jim Toth have made fortunes as one of the most successful couples in Hollywood — now they must divide their assets as they proceed with their divorce.
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Though she's not affiliated with either party in this case, Marilyn Chinitz, a New York matrimonial and family law attorney at Blank Rome, tells PEOPLE that Witherspoon and Toth "seem to have done the smart uncoupling financial savvy thing, and that's just to sell everything and create liquidity, then it's easy to divide up money."
But, there could be some "intangible assets" that may need to be worked out.
Chinitz explains, "They may have rights in certain movies, they may have cryptocurrency, they may have NFTs, and those are what we call the intangible assets. If they were able to accomplish selling residences and businesses, assuming they can identify those assets, their lawyers will be able to propose how to distribute those intangible assets if in fact they have them."
"They made their case incredibly simple and hopefully their custody case will be equally resolved on a cooperative basis," says Chinitz. "[Witherspoon's] whole world is just starting, if you think about it. So why be mired in so much conflict and pain? How intelligent to just come to a solution, divide up assets, start all over again and move on. I mean, I think they ought to be applauded for the way they've handled their divorce."
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"What’s at Stake in Reese Witherspoon and Jim Toth’s Divorce: From Real Estate to Her Net Worth of $430M," by Benjamin VanHoose was published in People on March 27, 2023.