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High Asset Divorce Archives

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 contemplating a high net worth divorce may benefit from professional advice when seeking to divide some of their valuable collections.

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 line. However, there are four key points from this divorce that may serve any Texas resident. 

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 money, wealthy Texas residents may find that cryptocurrency adds complexities to an already complex divorce.

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 high-profile couples seek a complex divorce, it's often difficult to avoid public scrutiny. 

Impact of lottery win on a complex divorce

Since Texas is a community property state, divorce courts typically divide most marital assets evenly between the spouses. This means that, with a few exceptions, any assets or funds the spouses acquire while they are married are on the table during the divorce unless the couple had a premarital agreement saying otherwise. Many spouses find their retirement funds, businesses and hard-earned money split in half during a complex divorce.

Reaching goals in a complex divorce

Support and guidance are essential for most Texas residents who are contemplating divorce. While the average divorce does require a variety of issues to be negotiated, a complex divorce can involve extensive assets, liabilities and other items that need to be taken into consideration. The choice of legal representation can be instrumental in navigating the process.

Technology, privacy and complex divorce

Computers, telephones, tablets and other electronic devices have replaced traditional forms of communication and document storage for many Texas residents. In many instances, married couples share accounts or at least passwords; they also may have their devices synced so that they can quickly and easily share information. However, when this is the case, and the couple finds themselves involved in a complex divorce, these same devices can become a privacy concern for the individual.

How to protect assets in a complex divorce in Texas

People going through a divorce where a lot is at stake financially are likely thinking about one thing in that respect -- protecting their assets. There are many issues surrounding a complex divorce, but the primary contentious one seems to be finances. There are a few things Texas residents who are in the throes of divorce might consider doing to keep from losing most of their assets.

Complex property division is common feature of gray divorce

There are several contributing factors that may lead to a more complicated divorce. Significant assets, difficult exes and age can make reaching an agreeable divorce settlement difficult, and may even drag on proceedings for longer than either party is happy with. Complex property division might be especially troublesome for those older than 50.

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