The end of a marriage can be a stressful time for any couple. However, with a high asset divorce the pressure can increase exponentially. With high asset divorces, there are many issues that must be worked out before the couple can go their separate ways. Like with any Texas divorce, the couple needs to figure out child custody and child support, but there may also be significant assets to split as well.
In today's society most people rely on the internet on a day-to-day basis. People shop online, read the news online and socialize online, so why not get divorced online? As this blog mentioned in the past, the Texas Supreme Court approved the use of standardized forms for certain divorcing couples. These forms are supposed to help couples get divorced without the help of an attorney.
Many people in Texas likely understand that divorce can be emotionally and financially draining. Two people must split their joint efforts and create entirely new lives on their own. Particularly in a high asset divorce, people may spend months or even years fighting over property division issues.
The end of a marriage is a stressful time for many Texas couples. The decisions that need to be made can affect a couple for years to come. People need to make child custody determinations, split pensions and deal with other disputes all while trying to start a new life. Many people may not take the time to consider what effect a divorce is going to have on their taxes.
Over the last few years, the economy has affected many areas of life for Texans. People have had to deal with job loss, home foreclosure and rising food and gas prices. In some cases, this has led to marital discord. While Texans have been dealing with the so-called Great Recession, many have put off divorce since the economy was so uncertain. However, now that the economy has rebounded, some areas of Texas are seeing an increase in divorce.
Every family is different. Likewise, when a couple decides to divorce their divorce is as unique as their family. Every divorce will have its own problems and solutions. While similar issues will be dealt with in almost every divorce, including property division, child custody and child support, it is unlikely that the exact same resolution will be reached in any two divorces. Yet, Texas will soon allow the use of standardized divorce forms in family court.
Galveston County, Texas, residents looking for a taste of local Hollywood fame got it this week, when Jessica Simpson's parents filed for divorce in Texas. This high-profile couple's divorce is unfortunate, not because of the effect it will have on their daughter, but because it appears that the asset division is going to be highly contentious.
When married couples decide to end their relationship, there are a myriad of decisions that need to be made. In a divorce, there are the legal aspects -- child support, alimony, asset division and child custody -- but there is also an emotional side. People are dividing years of belongings, feelings and memories. Often this is a highly emotional and difficult time for a person.
Marriage can be tough for any Texas couple. But fame and fortune can often exacerbate the ups and downs that couples face. Sometimes, it is just not possible to weather the storm. Couples then turn to divorce to seek some relief and move on with their lives. A high asset divorce may be slightly more complicated because of the nature of the assets, but successful resolutions are certainly possible.
Decisions abound when a couple decides to end their marriage. During a divorce, especially a high asset divorce, Texas couples must determine how to split their marital property. These property interests can include bank accounts, investments, real estate and retirement accounts. In order for proper decisions to be made about who should get what property, asset valuation must take place. Through asset valuation, the couple will know exactly what their property is worth so they can make an equitable division.