When actor Johnny Depp and his wife of less than two years, Amber Heard, divorced in 2016, their breakup made headlines in Texas and across the nation. That was partly due to allegations of domestic violence, and of accusations that Heard was trying to blackmail Depp for more settlement money. In an effort to underscore her claims that she was not interested in profiting from the brief marriage, Heard pledged to donate the proceeds from the high net worth divorce settlement to charity.
She appears to be making good on that promise. When Children’s Hospital Los Angeles recently released their list of donors who gave more than $1 million in charitable contributions, Heard was among those honored. She has also volunteered at the hospital. The facility is one of several charities that Heard expressed interest in supporting with her settlement money.
Many people feel inspired to contribute to charity at the end of their marriage. Doing so is a great way to support a cause that a spouse believes in. It can also be a powerful and meaningful way to signify a new chapter of life in which one is able to make his or her own financial decisions.
By working with a Texas high net worth divorce attorney, a charitable contribution can also become a solid tax planning move. There’s nothing wrong with gaining a tax break from an act of kindness. Structuring a solid financial foundation is also an essential part of creating stability after a high net worth divorce.
Source: The Huffington Post, “Amber Heard Follows Through On Promise To Donate Johnny Depp Divorce Settlement“, Elyse Wanshel, April 10, 2018