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Witherspoon and Philippe make $266,500 profit on property sale

Texas fans of Reese Witherspoon and her ex-husband Ryan Philippe probably know that they were married for seven years, had two kids and then divorced in 2007. In recent years, the couple lost quite a bit of money on their property sales. She recently sold her Ojai ranch at a big loss, which she had bought in 2008 for $5.8 million and ended up selling for $4,983,500, losing $816,500. Phillippe lost $1,175,000 on the March 2013 sale of his Sunset Strip mansion.

Protecting property during a divorce

Some residents of Texas may be interested to learn of a recent article discussing the advantages of preparing some aspects of a divorce ahead of time. More than 800,000 divorces are started every year in the United States, and one of the most difficult issues to decide is almost always asset division. Complex divorce cases often involve a prolonged series of asset valuations and reviews of property interests, in which one or both parties may find themselves being marginalized. In order to facilitate such procedures and perhaps prevent such animosity, the author presents five recommendations for possible courses of action to take before a divorce begins.

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