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Appeal filed in high-asset divorce case

Some Colorado readers are aware of the recent high profile divorce between the founder of Cancer Treatment Centers of America Richard Stephenson and his wife, Alicia Stephenson. The couple separated in 2009, but it wasn't until 2016 that their high\-asset divorce went before a court. At that time, the wife was awarded a $6.5 million single payment in addition to $55,000 per month in spousal support. 

During negotiations, Alicia Stephenson was seeking $400,000 per month in alimony. Her attorney argued that she required that amount to maintain the quality of life she had grown accustomed to during the marriage. During the divorce, details of the couple's extravagant lifestyle became public knowledge. The parties accumulated valuable artwork, furniture and real estate holdings. They held lavish parties and traveled in private jets. 

There was a prenuptial agreement in place at the time of marriage. However, it stipulated that if the union lasted beyond a certain period of time, spousal support was negotiable. The couple had a child together who is now an adult, so child support is not an issue. During the lengthy negotiations, Richard Stephenson's attorney stated that his wife was attempting to "extort" money.

In her appeal, Alicia Stephenson is asking the court to reassess the value of her husband's assets. Her husband has asked the court to stop spousal support payments while the appeal moves forward. That request was granted, although it is unclear whether such a move might impact the speed of the appeal process. Colorado readers may gain even more insight into the lifestyle of the parties in this high-asset divorce.  

Source: Chicago Tribune, "Ex-wife of Cancer Treatment Centers founder appeals multimillion-dollar divorce ruling", Amanda Marrazzo, Dec. 14, 2017

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