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Was high net worth divorce of Affleck and Garner timed perfectly?

Texas readers might be aware of the recent divorce filing of Ben Affleck and Jennifer Garner. According to many media reports, this has been a long time coming. However, could the date of their divorce filing have been carefully planned? A high net worth divorce can be complicated, and both these movie stars are worth millions.

A lot will be at stake because it was reported that this high profile couple did not sign a prenuptial agreement. Although they have apparently already agreed to share custody of 3-year-old Samuel, 6-year-old Seraphina and 9-year-old Violet, the couple has extensive assets and real estate to divide. Ben Affleck, who won Academy Awards on two occasions, is estimated to be worth approximately $75 million, and Jennifer Garner is believed to be worth about $60 million.

The couple is apparently using the services of mediators to assist with the division of their assets, including several properties. Affleck reportedly purchased a $17.55 million home in 2009, but another property -- bought for $7 million in 2003 -- may not be included in their community property as it was acquired prior to their marriage. The fact that this couple filed for their high net worth divorce in California soon after their 10th wedding anniversary may be significant.

Similar to Texas law, if a California marriage lasts more than 10 years, the higher earning spouse may be ordered by the court to pay spousal support when no prenuptial agreement exists. Anyone in Texas who is considering filing for a high net worth divorce may benefit from consulting with an experienced divorce attorney. This may ensure that he or she is fully informed of laws that may affect the manner or time of the divorce filing, along with other unanticipated stumbling blocks.

Source: gobankingrates.com, "Ben Affleck Net Worth vs. Jennifer Garner Net Worth: Who Wins Out After the Divorce?", Laura Woods, July 1, 2015

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