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Terrence Howard asks to be released from divorce agreement

Texas couples considering divorce might be interested in a recent case involving the actor Terrence Howard. Reportedly, Howard is asking a judge to throw out a divorce settlement that requires him to pay his ex-wife, Michelle Ghent, $325,000 in spousal support.

Howard claims that he cannot afford the amount, authorities report. Arguing his case, Howard states that he and Ghent were married for merely a year and that he was forced by threat into signing the agreement.

Ghent is Howard's second wife. Howard claims that nearly all of his income is earmarked for his first wife and his children, who receive spousal support and child support, respectively. Consequently, Howard's monthly income amounts to about $6,000, which is a mere fraction of the $325,000 called for by his divorce settlement with Ghent, according to Howard.

Reaching a divorce settlement in high-asset cases like this one can be exceedingly difficult in Texas, not only because of the substantial assets at stake, but also because the family law governing such divorces can be difficult to grasp. However, even after the settlement has been ratified, it is still possible to request that the terms be modified in the event that there has been a major change of circumstance since the marriage ended. Yet, modifying the terms of a settlement can be even more difficult than it was to reach the settlement in the first place, and retaining a family law attorney is indispensable when attempting to do so.

Howard's case also exemplifies the importance of prenuptial agreements, especially for individuals with a high net worth. These agreements are legal contracts specifying the assets that each partner possesses before entering into the marriage. It also establishes property rights in case the marital union is dissolved.

Source: Daily News, "Terrence Howard says he can't afford spousal support for ex-wife, only makes $6,000 a month: report", Zayda Rivera, July 28, 2014

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Bruce Turner

In addition to his law degree, Bruce Turner has a master's degree in tax law and is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.

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