Researchers estimate that among the 22 million small businesses in Texas and across the United States, about 3 million of them are owned by married couples. Jointly owning a small business can definitely add a new wrinkle to a couple's plan to divorce. A couple has several choices for handling the business as an asset, and most of those options require a business valuation to ensure a fair division of property.
When business partners go their separate ways, they typically obtain an objective valuation of their interests in the company to ensure each partner receives a fair share of the payout. When dealing with a high asset divorce, a similar valuation may be necessary. In fact, many spouses in Texas may not even realize the full value of their assets, and this could hinder them from receiving what they deserve and need for a comfortable future.
While there are certainly marriages that end suddenly and without warning, many spouses in Texas are aware that divorce is imminent long before the papers are filed. Spouses can take advantage of the early inklings of a breakup to make crucial preparations for the future. In a high asset divorce, there is often a great deal at stake. Planning for the future can ensure a more positive financial transition into post-divorce life.
Most married couples in Texas are not surprised to hear when researchers link divorce with money issues. Struggles or disputes over money have been a primary reason for divorce for generations, and hearing this in newer studies is not a shock. However, as the roles of men and women change in marriages, couples facing a high asset divorce may be interested in the conclusions of the latest research.
It is no secret that men and women often view marriage differently. As generations pass, the roles of men and women in a family evolve, and the attitudes about those roles change. A recent study of couples who have experienced a high asset divorce shows yet another shift in thinking about marriage in general. Texas couples may be interested in the findings of this study.
The lifestyles of celebrities provide as much entertainment as the movies or music they produce. For many in Texas, the luxurious homes, cars and clothing of famous people seem to be a fantasy anyone would want. However, when the personal struggles of a star become news, the truth often emerges. This may be especially true when a celebrity is involved in a high asset divorce.
Once a marriage begins to deteriorate, issues of trust often emerge. In fact, trust may be the problem which erodes the marriage in the first place. Texas couples may find that their hopes for an amicable parting dissolve when the time comes to divide the marital property. In a high asset divorce, one spouse may suspect that the other partner is not being entirely honest about the wealth they share.
Music fans in Texas are likely familiar with the story of Kurt Cobain. While his death made headlines, it is his daughter's high asset divorce that is in the news currently. As part of the split, Frances Bean Cobain and her estranged husband, Isaiah Silva, are battling over Kurt's guitar.
We have all seen the divorce cases that turn into a media spectacle, especially when high-profile couples are involved. Their personal lives become tabloid gossip, and private details about marital indiscretions, abuse allegations or financial holdings are exposed to the world.