Jim Irsay is a name that many people here in Texas may have run across while reading sports news, as he is the owner of the Indianapolis Colts. Recently, Irsay's name has jumped from the realm of sports news into the realm of family law news; it has been reported that Irsay and his wife are getting divorced.
Recently, some news has arisen regarding the divorce of actress Demi Moore and actor Ashton Kutcher. A settlement has been reached regarding the financial issues in the divorce.
Recently, a divorce case has arisen regarding an actor whose work many people here in Texas and in the rest of the country are familiar with. The actor in question is Paul Hogan, who played the title role in the popular "Crocodile Dundee" film series.
Making the decision to end a marriage does not typically happen overnight. Couples typically go through at least some period of transition before a divorce where they will try to repair a marriage or try alternative solutions. In some cases, couples will stay together until their children are out of the house. But in some situations, these periods of adjustment and transition can stretch on for many years.
One thing that divorces often touch on are financial matters. There are a wide variety of financial issues that can arise in connection to a divorce.
Divorce is a formal legal process that ends a marriage under the eyes of the law. The broad definition is the same in all 50 states. As for the details, that is where everything starts to differ depending on where you file those divorce papers.
Some news has recently arisen regarding the divorce of NBA star Tim Duncan. Duncan plays for the San Antonio Spurs and has won multiple NBA championships with them.
Recently, some divorce news has arisen regarding a celebrity couple: actor Adam Arkin and actress Phyllis Lyons. Lyons and Arkin have played roles in many movies and TV shows. Arkin's body of work includes "Chicago Hope" and "Sons of Anarchy" and Lyons' body of work includes "All My Children."
Retirement accounts started in the course of a marriage are categorized as community property in a Texas divorce. That means the retirement account will be split between the divorcing parties. For decades, real estate such as the family home was the biggest asset to consider, but now, as more baby boomers are deciding to end their marriages, significant funds in 401(k) and pension plans can be more valuable than real property.
One of the major issues that divorces can involve is how property will be divided between the divorcing parties. This can be seen in a celebrity divorce that was recently finalized.