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High Asset Divorce Archives

Complex property division can hold up the finalization of divorce

There may come a time in a Texas married couple's life that staying together is no longer an option. The divorce can move forward with little to no hiccups, but in some cases, especially those involving a complex property division, the proceedings can last for months. Add spurned adult children to the mix and a possible love affair, and the divorce process can become even more lengthy and costly.

Owning a business can create a complex divorce

Many Texas entrepreneurs build their wealth with a spouse. Working side-by-side, they find a niche in a market and work together to build a dream. As time passes, the relationship may start to unravel, and the couple may be looking at filing for a divorce. Untangling years of a intimate relationship can be painstakingly frustrating and time consuming, but when a privately owned business is one of the assets, one may find it difficult to objectively look at the possibility of a complex divorce.

A complex divorce and Texas politics

When a Texas resident is elected to a seat in the political realm, his or her life becomes open to scrutiny. Almost all personal issues come center stage, and the public then has the opportunity to weigh in with opinions and ideas. When a complex divorce becomes pubic knowledge, politicians and family members should be prepared to have every aspect of the events surrounding the entire marriage placed on display. A high-ranking official in another state is learning the hard way how politics and married life may not always mix.

Protecting assets in a Texas complex divorce

Executives and business owners are not exempt from the perils of real life, love and loss. Divorce can reach its tendrils into any marriage, regardless of how wealthy, poor, educated, or how in love a couple once was. Texas executives and business owners may want to take extra caution to safeguard their financial future should a dissolution of nuptials appear on the horizon, as a complex divorce could be time-consuming and expensive.

Spouses in high net worth divorce battle over donation funds

When a wealthy couple in Texas divorces, everything is likely to be on a grander scale. There may be multiple houses, cars and collections to split, as well as money and investments. The more money a couple has, the more easily one spouse can hide assets from the other. This happens frequently in a high net worth divorce, and it is not unusual for one spouse to be suspicious that the other has kept something back from property division.

Complex divorce of Paul Haggis and Deborah Rennard finalized

After an extensive legal battle, the Oscar-winning director and screenwriter, Paul Haggis, and Texas actress Deborah Rennard can finally move forward with their lives. A settlement has been reached in this complex divorce. Haggis reportedly remarked that the divorce will have him writing more checks than screenplays.

Trial scheduled for 6-year complex divorce battle

High-asset divorces in Texas -- as in other states -- can continue for years before they are finalized. This is also the case in the complex divorce of Richard and Alicia Stephenson, who filed for divorce in 2009 after a marriage that lasted 18 years. The couple's failure to come to an agreement about the division of their millions and questions about the validity of their prenuptial agreement that could prevent Alicia Stephenson from receiving anything may finally be resolved at a scheduled trial.

Complex divorce: Ex-Mrs. Jason Flom reported to live in poverty

High net worth couples in Texas who are considering divorce may want to explore all their options before deciding to go the route of litigation. It is not uncommon for a complex divorce case to continue for years before a final settlement is reached. The former wife of Jason Flom -- the founder of Lava Records -- is reported to be suffering the consequences of such an ongoing divorce case.

Are you capable of navigating a high net worth divorce alone?

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.

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