The longer couples are married, the more assets they usually accrue, and older couples may have to negotiate splitting a variety of assets that can include not only the family home but also investment properties and accounts. Some Texas couples will face this situation if their marriage ends, but there are ways they can protect their investments and interests.
Just after the start of the new year, Amazon CEO Jeff Bezos announced that he would be divorcing his wife of 25 years. While the power couple is clearly trying to maintain a united front, both parties must realize that there could be a lot to gain and lose in the split. Every year, Texas courts dissolve quite a few high-value marriages. Though most Texans primarily view marriage as a romantic union, wealthy spouses often have something more like a business partnership. Any time spouses co-own major assets, disagreements about asset disposition can become acrimonious in a hurry. As if that wasn't bad enough, divorce mistakes can lead to life-changing financial loss.