Beyonce's Parents are Divorcing: How Does This Work Legally?

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By now, you've all heard that Tina and Matthew Knowles, the two musical geniuses who gave birth to the amazing Beyonce, are splitting up. The divorce wasn't a surprise, since many think that the couple was done years ago. Either way, I give them credit for staying together for the children, since good parents consider the children before thinking about their own selfish needs.

The divorce, filed in Harris County, Texas, has some interesting legal and financial implications, given that the family possesses a fortune estimated at over $100 million dollars. When that much money is involved, the break-ups are always interesting.

Here are some things to consider when analyzing the divorce of Tina and Matthew Knowles:

1) Texas is a community property state: That means that if the couple can't figure out how to split the money up, then all property is going to be split right down the middle. So, the chances of either party walking away with the bulk of the fortune are slim to none.

2) Adultery does play a role: If it is indeed true that Matthew was a rolling stone (which the media has asserted he is), that could lead to the divorce coming out in favor of Tina. In fact, in some states, your spouse can now sue both you and your ex-lover for committing adultery. So, if you're going to play, you can either expect to pay or you probably should just never get married. While some might attack men like P. Diddy for choosing to never get married, his arrangements might actually be better than getting married and then getting vilified for wanting to be with other women.

3) This divorce could be easier than some other celebrity breakups: This is not the kind of divorce where one spouse brings home the bacon and the other one cooks it. Both Tina and Matthew were bringing home the piggies, so their divorce could be cleaner due to the fact that they are both high income earners. Tina is deeply involved in the fashion industry, as well as other endeavors. Matthew has made a reputation for himself as a genius in the music industry (which he is). The fact that both of them have their own capital and ability to make a living should make the break easier than most.

I expect that Tina and Matthew Knowles will handle the divorce in the professional way that they've handled everything else. The greatest costs for everyone involved will be emotional.


Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of the book, "Financial Lovemaking 101: Merging Assets with Your Partner in Ways that Feel Good." To have Dr. Boyce commentary delivered to your email, please click here.

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