The high number of well-known couples who have gone through divorces in recent months is staggering, and more couples seem to be added to the list daily. There are certainly lessons to be learned from many of these much-publicized divorces. One aspect of many high-profile divorces that seems to lead to ongoing legal battles is the lack of written contracts. There are manners in which assets in Texas marriages can be divorce-proofed.
Between 1990 and 2010, divorces involving spouses over the age of 50 are said to have doubled. These divorces -- also called gray divorces -- are no longer frowned upon, and many divorced seniors go on to marry again. However, certain aspects that may impact on the post-divorce lives of seniors may need thorough consideration. Property division after 20 or 30 years of marriage will never be an easy task to accomplish.
While more and more couples in Texas opt for divorces that will allow them to maintain amicable relationships after the final judgment, this option is not suitable for all. In marriages in which one spouse has been combative, controlling and mostly unrepentant, matters such as property division, child custody and parenting plans often cause so much contention that communication becomes impossible. Dealing with a narcissistic spouse in divorce may require written rather than verbal communication.
Calling an end to a marriage is not something a Texas couple anticipated at the time of the marriage. However, some Texas couples reach stages when divorce becomes their only option. With divorce comes the property division process, and, in the interest of post-divorce financial stability, being prepared may be beneficial.
When Texas individuals with high net worths consider divorce, there are numerous aspects that will need thorough consideration. It is also not uncommon for spouses in complex divorce situations to disagree on multiple levels, and suspicions or mistrust may lead to lengthy litigation procedures. Each spouse may benefit from selecting a team of professionals to preserve his or her financial and emotional investments throughout a high net worth divorce.