Reviews

Reginald Black

Feb 20, 2017

I can\'t say enough about Kathleen Gingrich. I needed her services at a very difficult time in my life. ...

Deb Hoffert

Feb 08, 2017

I can not say enough great things about this law firm. Everyone is extremely knowledgeable, professional and above all else ...

John Arena

Feb 01, 2017

Peter Russo and the staff at his firm have handled my personal and professional business for almost a decade. His ...

rick scott

Feb 01, 2017

Peter was easy to work with and handled my case first class. He was knowledgeable about my case (possible age ...

Jenn Spears Brenize

Feb 01, 2017

Peter is extremely knowledgeable and aggressive, yet even-tempered. He is professional, diligent, and compassionate, and responsive to his clients\' ...

Cliffeton green

Oct 30, 2018

Very professional knows what he\'s doing. Very good with people.

Karen Young

Oct 30, 2018

Mr. Russo gives very solid business guidance. He clearly understands the law but, more importantly, the needs of a business ...

Heather E Steavens-Jones

Oct 30, 2018

If you want a lawyer to give you guidance with your interests as a priority then Pete Russo is the ...

Tami Johnson

Oct 30, 2018

Pete and his team were exceptional in helping my husband and I buy our first small business. Couldn\'t have ...

Lori Keim

Oct 29, 2018

Peter is knowledgeable, caring and honest. I have found his advice to be more focused on what is right for ...

Review By:

Reese Witherspoon and Ryan Phillippe sell property

Pennsylvania movie fan’s may remember when Reese Witherspoon and Ryan Phillippe divorced. According to a recent report, after they separated, the couple maintained joint ownership of a property in Los Angeles after the divorce. Witherspoon and Phillippe kept the property through renovations and through an economic downturn. When they finally sold the pricey duplex, they pocketed $266,500.

The profitable sale came after both members of the former couple lost money on the sales of private homes. Witherspoon lost over $800,000 on the sale of a California ranch where she married her new husband. Phillippe had a Zen-inspired home that he sold at a loss of over $1 million dollars. Though the monetary losses may be substantial, the couple is well-equipped to handle them. Both are well-paid, and Witherspoon was recently named to a Most Overpaid Actors list.

The property the couple sold was originally purchased in 2005 for $1,173,500 and included 4 bedrooms and 4 bathrooms. It was listed in December 2013 for $1,395,000, and it sold about 18 days later for about $45,000 over the asking price.

The case of Witherspoon and Phillippe shows that amicable asset division may result in positive profits in the future. However, many divorces result in disputes between the involved parties, resulting in tension and difficulty negotiating an equitable agreement. The disputes may also spread to other aspects of divorce, including support payments and child custody. A lawyer working with one of the parties of a divorce may be able to help a client reach an amicable divorce agreement.

Source: Forbes, “7 Years After Divorcing, Reese Witherspoon And Ryan Phillippe Sell Shared Los Angeles Investment Property“, February 07, 2014