Kate Walsh is having divorce issues. Alex Young, her estranged husband (soon to be ex) has demanded a full accounting of their joint assets. Young has been so forceful about the accounting, the accounting firm has taken out a protective order on him.
The crux of the problem seems to be the lavish home Young and Walsh bought and furnished together during their 14-month marriage. TMZ is reporting that Walsh paid for the bulk of the home and its furnishings, and when Young left, Walsh was left paying all the bills. Walsh now not only has all of the bills to pay, she has a home that has drastically lost market value, sinking any hope Young could have about a generous asset split.
They were only a married couple for 14 months, but the nasty divorce between Kate Walsh and Alex Young has just gotten uglier.
We’ve obtained legal papers filed last Friday by Young, who claims the accounting firm he and Walsh used has turned on him by refusing to ante up a full accounting of joint assets. But wait till you hear what they are arguing over.
London & Co., the accounting firm, filed legal papers earlier this month, essentially asking a judge to tell Young to get lost. The firm wants a protective order against Young, claiming it has given him all the financial info he needs but he keeps making more demands. Now Young’s lawyer is fighting the protective order, claiming London & Co. is acting like a P.R. firm for Walsh and that the protective order reads like a “press release to benefit one client, Ms. Walsh.”
Young says a month before they got married back in 2007, they bought a multi-million dollar house together and furnished it with expensive stuff, and London & Co. refuses to give him an accounting. But we know what went down — fact is, Kate made the lion’s share of the down payment and the house has gone down in value since they bought it — so there are no profits to split. Plus, he walked out on Kate, leaving her with a huge bills and all the monthly expenses.
So why is Young making such a big stink over assets that are pretty clean? It’s a little perplexing. It’s not like he needs the dough. We know he makes more than a million bucks a year as a bigwig at FOX. She makes around $3 mil a year on “Private Practice” and other projects.
So let’s review. He leaves her, sticks her with the mortgage, he makes a bundle, but he’s dragging out the divorce like a remake of “War of the Roses.” So, we ask, what’s the deal?
From TMZ
So is Walsh hiding assets? I doubt it – she’s probably hiding a few bad investments and she doesn’t want people to know she’s living in a house she might not be able to afford. A “protective order” basically amounts to a restraining order, which is a pretty extreme method of getting someone to back off. Is this all a ploy to get some leverage in a divorce? They only spent 14 months together – how much animosity can there be?
I would think if she bought then house before she was dumb enough to marry this idiot he doesnt need an accounting because what she made before she married him is NOT his to get. He apparently wants her money some how some way ?
Another male that married someone for their money a million a year cant go that far so he needs her money too,
the depreciated value of the house should be taken into account. His eagerness to get $$$ by harassing the accounting (resulting in a restraining order) could be used by kate’s team of lawyers.
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