There are many reasons why a Texas couple might decide to end their marriage. Sometimes, financial issues are a big factor although most advisers say the decision to divorce should not be solely based on money. Especially in a high net worth divorce, financial...
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High Asset Divorce
Potential sale of robotics company may affect high asset divorce
Divorce is often a difficult process for anyone here in Texas. Those who have a high level of assets may find it to be particularly challenging. It can be tough to determine the right way to divide assets, particularly if the married couple did not have a prenuptial...
Amicable high net worth divorce is possible
When Amazon founder, Jeff Bezos, and his wife, Mackenzie, announced they were divorcing after more than 20 years of marriage, it may have been expected that the division would be protracted and bitter. Surprisingly, the couple were able to obtain their high net...
Some may consider a high net worth divorce for tax purposes
When Congress passed the latest tax reforms in 2017, there were many changes that impacted people across the tax brackets. Though many of the changes may have been beneficial for some taxpayers, others discovered that they were facing significant increases in their...
There are ways to reduce tax burdens in high net worth divorce
For approximately 70 years, the alimony tax deduction helped families reduce taxes after a divorce. With the tax reform act that went into effect at the beginning of 2019, the option for deducting alimony payments from taxable income for the paying spouse was...
High net worth divorce parties benefit from 3 practical points
The process of blending two lives in marriage requires patience and a period of adjustment. However, the process of obtaining a divorce is often much more complex, especially when it's a high net worth divorce. Texas residents who are contemplating this step may...
Strong economy boosts increase in high net worth divorce filings
When the economy is floundering, many unhappy couples are more willing to tough it out, rather than divide limited resources. However, when the economy is experiencing an upswing, unhappy spouses are more inclined to file for divorce. Texas residents who are...
4 Key lessons for a high net worth divorce
When the Bezos' announced their impending divorce, the story was carried on every news outlet. Though there have been many high net worth divorce filings among the wealthy and newsworthy, this one garnered much attention based on the value of the assets on...
The world of digital money may make a complex divorce trickier
For most couples, a divorce is a fairly straightforward undertaking. Once custody and property division is settled, each individual goes his or her separate way and starts a new life without undo complications. However, in the new age of digital...
De Niro’s ex looking to make actor take complex divorce public
It was recently reported that the publicity-shy actor, Robert De Niro, and his long-time wife, Grace Hightower, want to end their 20-plus year union. De Niro filed the petition anonymously in order to avoid public notice. In Texas and across the country, whenever...