The divorce process is never easy. When couples living in community property states like Texas decide to divorce, the process can become even more difficult. In common law property states assets that are shared are by choice, and each spouse is able to retain separate ownership of their respective property. Community property states require that couples split assets down the middle and can sometimes lead to acrimonious battles, especially if the split is adversarial.
High asset divorces are often more complicated because real estate, investments, businesses and other property have to be taken into account when dividing assets. The necessity to divide everything in half in a community property state sometimes leaves one spouse feeling cheated when all is said and done.
It was recently announced that Chris Harrison, the host of ABC’s popular dating show ‘The Bachelor’ is divorcing his wife of 18 years. The couple made a joint statement saying that they still have “love and respect” for each other and that the decision to split was “incredibly difficult.”
Living in California, another community property state, and going through a public divorce are two strikes against the two. Hopefully, with the help of experienced family law attorneys, each spouse can protect their assets and come out of the ordeal relatively unscathed.
As for Mr. Harrison, Texas readers will have to wait and see if his new status as bachelor will affect his success rate on his show as he works to hook other bachelors up in relationships that may or may not last as long as his did.
Source: Reuters, “The Bachelor Host Chris Harrison is Getting Divorced,” Edward Tan, May 4, 2012