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The Chip Board Archive 05

In divorce of the affluent, who gets the horses?

A new Mercedes, a $10,000-per-month alimony payment and a horse named Sexy are just a few of the things over which a divorcing Wellington, FL, couple are fighting.

Olexa Goldman Farrell, a wealthy young woman from New York City, and Bowen Farrell, an investment banker, are at a financial and legal war in Palm Beach County Circuit Court and in the polo stables of Wellington.

Olexa is the daughter of a New York financier and the beneficiary of a multimillion dollar trust to which she says Bowen Farrell has no claim.

Bowen said he gave up his job at Citibank when they married in 1996 so he could manage Olexa's trust fund (yeah, right grin). Therefore, he said in court documents, he does have a claim because he made her money grow.

In court documents, Olexa claims Bowen used her money to buy a car and condo in "his name only" and squandered at least 2-million dollars of her assets. But money is not the only sticking point in their divorce case... so is custody of their 17 horses.

Olexa, 34, wants to take all the horses to North Carolina, but Bowen, 41, an avid polo player wants the horses to remain in Wellington so he can ride them at the Palm Beach Polo Club (poor baby).

Three times this summer, Olexa has sent her lawyer and horse trainer to grazing fields in Wellington to take the horses north, but Bowen has called the PB County Sherriff's Office each time who sided with Bowen because a court document regarding the horses requires Olexa provide care for the horses... but it doesn't say where.

Olexa's lawyer says that the court order means that she can take the horses anywhere she pleases, and Bowen's Palm Beach lawyer says "it's not fair for her to take all 17 horses."

This is how Bowen proposes the couple should split custody of the horses: Olexa can take Bambino, Trava, Pampita, Luna, Nieva, Ginebra, Soledad, Rosita, Salsa Blanca and Barredora, and Boewn can take: Sexy, Valentina, Rompiente, Fiscal, Altesa, Gardenia and LaMaria.

The couple have no children. Bowen is managing director of a leveraged buyout company he created, but he said in court he needs at least $30,000 a month from Olexa in order to cover his monthly expenses of which $2,000 a month is for dining out (get a frying pan grin). Palm Beach County Circuit Court recently awarded Bowen $10,000 in temporary monthly support until the couple can split their assets.

There is no way of knowing how the court will rule in Farrell vs. Farrell, and Judge Phillips does not appear to appreciate being pushed into decisions by divorce lawyers of wealthy clients.

At a court hearing in May, Olexa tried to ask for more time to make a legal argument in court, saying her divorce is "not your garden-variety type of case."

Judge Phillips disagreed, strongly, saying the Farrell divorce case is just the same as any other. He added: "My philosophy of life is that rich people and poor are the same in court and the issues are the same. The fact that they've been blessed with being able to disagree over millions instead of hundreds of dollars is something they should both rejoice in."

Messages In This Thread

In divorce of the affluent, who gets the horses?
I'd suggest....
Who cares.this is minimal..considering

Copyright 2022 David Spragg