Sharing has the ability to strengthen the relationship of a married couple. Spouses also believe that whatever their partner owns is also theirs. When it comes to managing a business, Americans, including Albuquerque, New Mexico residents, like to operate their business with their husband or wife. In fact, a U.S. Census data confirmed that married couples are managing 3.7 million businesses across the country. Partnering with a spouse in a business might be easy, but it could be difficult in the event of a divorce.
Many business owners and shareholders in Albuquerque, New Mexico, may have been concerned when the billionaire Harold Hamm and his wife decided to divorce last year. Much like these business experts, Hamm and the employees of Continental Resources became alarmed regarding high-asset divorce because it puts the company's assets and shares on the line.
New Mexico couples should always understand that in a divorce the hardest part of the negotiation process is agreeing on very small details. A minor financial oversight can have enormous repercussions and can cost a spouse thousands of dollars over time. In the case of a high asset divorce, where numerous properties and assets are on the line, this kind of loss can be even greater. Consequently, New Mexico couples should pay close attention during all aspects of the proceedings, especially property division, in order to avoid such costly mistakes.
Reality TV personality Khloe Kardashian and basketball star Lamar Odom are moving toward divorce and the celebrity pair have plenty of assets to divide between them. Sources report that Kardashian will probably receive a total of $7 million. The couple's prenuptial agreement stipulated that she would receive $500,000 for every year the couple was married, which adds up to $2 million for their four year run. She will also keep property that Odom gave her, like her $1-million diamond ring. Finally, she will be the sole owner of the couple's $4 million mansion in Tarzana.
"And they lived happily ever after." This is the traditional ending for the story of married spouses in Albuquerque, New Mexico, and beyond. Sometimes, the story needs a different ending when spouses who are stuck in a failing marriage opt for divorce as a way out. According to sources, advanced age is no longer a deterrent to divorce. Baby boomers are part of the divorce trend because they are no longer willing to compromise their longevity for their marriages.
Divorce can be either simple or complex. Asset division is one of the divorce issues that can turn the legal process into a lengthy one due to its complex nature. Typically, divorcing spouses fight over the marital home, cars and bank accounts. Divorcing people may be surprised to learn that some marital assets that go unnoticed are quite valuable.
Although it may be painful to accept, relationships do not always have happy endings the way that they do in fairy tales. That goes for everyone, including famous and wealthy people. This fact is evident in the number of high asset divorces that residents of Bernalillo, New Mexico, have witnessed through the years. Some people's divorces can be easily predicted from the beginning of the relationship. There are other divorces that most people would consider a surprising turn of events.
The legal process of divorce here in Albuquerque, New Mexico, is quite accessible to many people, even to middle-age people who are getting closer to retirement. However, divorce at this stage may bring about more complications and potential problems for many couples. One such problem comes in the form of retirement savings and other accounts that can easily be affected by the legal process of property distribution.