Divorce can be a major headache for anybody. When a large number of assets are involved, there is a lot at stake and both spouses may decide to go for the throat of the other. That is why many are watching as the stage is set for the most expensive divorce of all time. The high asset divorce involves Harold Hamm, a man that made the majority of his money on oil.
High net-worth individuals tend to have some form of a prenuptial agreement before they get married in order to protect their hard-earned assets acquired prior to a marriage. Nothing surprising in that, but what about prenuptial agreements that require one party to stay under a certain weight or be intimate with their spouse on a preset schedule, would that deter you from getting married? Texas divorce attorneys are saying they are seeing an increase in requests for mom-traditional prenuptial agreements and not just by the super wealthy.
When you hear that someone is getting a divorce a few things come to mind: the length of the process and the division of assets. But what if there was a way to get a divorce finalized over the course of a weekend, would you do it? A new concept is becoming popular in the Netherlands and it may be making its way to the United States. It's called the Divorce Hotel, where a married couple checks in on a Friday, works with mediators and independent lawyers on Saturday and the couple checks out on Sunday with their divorce papers in hand, all for a set fee.
Being involved with a divorce is never easy, but if the two of you are wealthy, it can add some complications if you aren't prepared. There is a lot to think about -- child custody, child support, division of assets, valuation and division of retirement plans, prenuptial or post-marital agreements, etc. One thing that soon-to-be ex-couples may not think about is how the state they live in handles divorce. Every state has their own divorce laws and it's probably a good idea to get familiar with your state's laws before moving forward with your divorce.
Many people who may be contemplating divorce may not realize that there are different types of divorce processes and depending on your situation; there may be a better way to go through it. While divorce may be common, how you proceed can vary widely.
Some low-income Texans may be expected to represent themselves in divorce cases if the Texas Supreme Court approves the use of user-friendly divorce forms for litigants. However, many Texas family law attorneys oppose the use of do-it-yourself divorce forms at all, worrying that they may actually cause more problems than they solve.