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In reply to the discussion: Mitt Romney: Court Battle Over His Involvement in Bitter Divorce [View all]happyslug
(14,779 posts)Now, given the high finance we are dealing with, it is possible the Child, even as a minor, is a major stock holder of the company (maybe even staples itself, but probably a holding company) ANd thus whoever has primary legal custody of that child ends up controlling the child's stock (There are some income tax reasons to give such stock to the children, it spreads out the money among people who have lower tax rates, such moves were more common pre-Reagan tax cuts but have survived to this day).
As to the Child's custody otherwise, the age of the child is a factor but it is also possible that one parent get primary physical custody, but the other parent gets control of the child's assets. Thus I can NOT see how custody would be to big a concern in the divorce, it would be a quick one to two day hearing, with the burden being on the the side without the child. If both sides are fit parents (and I see nothing that indicates otherwise) Custody will remain as it was before the hearing started.
On the other hand a fight over the assets of the child would be grounds for a long drawn out battle bringing into question both parents ability to protect the Child's assets including testimony from Mitt if any of the Child's assets had been invested with Mitt (The Courts prefer investments in the safest investments possible, US Treasury bonds, low interest rates, but absolutely safe).