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What You Didn’t Know about the Craig McCaw Divorce

What You Didn’t Know about the Craig McCaw DivorceOverview of the Craig McCaw Divorce

The Craig McCaw Divorce marked the dissolution of the marriage between Criag McCae and Wendy McCaw; the Craig McCaw Divorce was finalized in 1997, which ended the 22-yearlong marriage – the couple met in the early 1970s during which time they were both undertaking study at Stanford University. Although the case of the Craig McCaw Divorce, which was considered by various media outlets as a celebrity, the impact of the dissolution of a union is thought to be universal; amongst the events and undertakings within a divorce proceeding, a divorce has the potential to elicit heightened emotions, such as sadness and loss. Furthermore, the reasoning for the breakdown of a marriage – regardless of the degree of celebrity status – will typically provide a legal framework for the terms and conditions latent within a divorce settlement:

The Parties Involved in the Craig McCaw Divorce

Craig McCaw is considered to be one of the pioneers of the cellular telecommunications industry, forging the Seattle-based telecommunication company ‘McCaw Cellular’; the ingenuity and inventiveness of Craig McCaw thrust him into wealth upon the 1994 sale of the McCaw Cellular Company to the AT&T Company for what was reported as $11.5 billion. Wendy McCaw, who worked in publishing at the time of the couple’s marriage, remained married to Craig McCaw during his rise to fortune:

The Craig McCaw Divorce was heard before a judge in the King County Court, which is located in the City of Seattle in the State of Washington

The Plea of ‘No Contest’ within the Craig McCaw Divorce

An uncontested divorce is one in which both parties have reached a mutual agreement with regard to the reasons behind filing for divorce, as well as the placement of fault in conjunction to the breakdown of the marriage. In the case of the Craig McCaw Divorce, both Craig McCaw and Wendy McCaw opted to file for a divorce uncontested – or unchallenged – in nature, which retained the classification of the reason for the Craig McCaw Divorce as a result, a bulk of celebrity couples undertaking divorce proceedings opt to either settle outside of court or file for divorce in an uncontested fashion in order to avoid potential media coverage and publicity.

The Terms of the Craig McCaw Divorce Settlement

A divorce settlement will typically include 3 primary facets with regard to the terms and conditions set forth by the presiding court official who was responsible for determining spousal support – in the form of alimony, child custody – and subsequent child support payments, and the division of assets. In the State of Washington, the terms of a dissolved marriage will typically result in the division of assets accrued during the time of the marriage; due to the fact that Wendy McCaw was married to Craig McCaw during the time of both the development and sale of the McCaw Cellular Company, she petitioned for half of the assets in possession of the couple. Subsequent to the ruling of the presiding judge, the following judicial review was set forth with regard to the terms of the Craig McCaw Divorce settlement:

Wendy McCaw walked away from the Craig McCaw divorce settlement with $460 million, which is considered to be amongst the top 5 largest divorce settlements in history

The settlement payment granted to Wendy McCaw from her former husband – Craig McCaw – placed her in the top 400 list citing the most wealthy people in the United States at the time