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Posts tagged "High Asset Divorce"

What business owners should consider during a divorce

Business owners in Texas and throughout the country may derive a significant amount of income from their companies. Therefore, it is important that the business is valued properly in a divorce. It is also important to ensure that business assets are divided in a manner that allows the company to run efficiently both now and into the future. To determine a company's value, an appraiser should be given access to relevant records and other information.

How to deal with a jointly-owned business during divorce

Divorce can bring about a variety of issues for a Texas couple. One of the factors that might deeply impact each spouse's post-divorce life is how assets are divided and handled. If the couple owns a business together, the property division process will be that much more important.

Types of insurance that could be affected by divorce

Texas couples untying the knot typically go through a series of emotional, logistical and financial adjustments, so it's easy to overlook things like insurance policies that were created during a marriage. While all policies with a soon-to-be-ex should be reviewed and appropriately adjusted, health insurance and life insurance are the types of coverage that tend to be affected most by divorce.

Bezos divorce settlement may be the largest in history

Texas residents have probably heard about the divorce of Amazon founder and CEO Jeff Bezos. What they may not know is that his wife, MacKenzie, is about to become the third-richest woman in the world. When their divorce is finalized, her net worth will be more than $35 billion. She will only be surpassed by L'Oréal's Francoise Bettencourt Meyers and Walmart's Alice Walton, respectively worth about $53 billion and $45 billion.

High Asset Divorce and the Hidden Cryptocurrency Problem

A high asset divorce involves complex asset division. Add a few concealed Bitcoins to cause even more complications. Family law lawyers have been exposed to a cryptocurrency world filled with legal evasions. Although investors have known about Bitcoin since 2009, the issue involving hidden cryptocurrencies is a recent development in high asset divorce cases. In addition to retirement plans, asset valuation, marital property and business assets, cryptocurrency ownership is another complicated dilemma. A few high-net-worth individuals have managed to amass fortunes from small investments in cryptocurrencies.

Why grey divorce happens and who it impacts

The divorce rate in Texas and throughout the United States has decreased over the past 20 years. However, the rate has increased for those who are 50 and older. There are many reasons why this is the case. For instance, some couples may have stayed together simply to raise their children. Once the kids leave the house, there is no need to remain married. In some cases, a couple that used to be happy together simply grows apart.

What happens when wealthy couples divorce

Wealthy couples who are getting a divorce may learn from the example of Amazon founder Jeff Bezos and his wife. Like Texas, Washington is a community property state, and this means that since Bezos started the company after the two were married, he and his wife may split Amazon stock 50/50. However, this would change if they made an agreement at some point in their marriage about how to split property in a divorce.