Texas is one of the few states to have community property laws regarding marital property and how it is to be divided during divorce. This unique way of handling property division can add complexity to the process. It is important that you have an attorney who understands the nuances of characterizing assets and dividing them equitably under community property laws.
Under community property laws, any property that is acquired by either spouse during the marriage is considered marital property and eligible to be divided. Property that either spouse had before the marriage is usually considered separate and exempt, held out for that spouse.
While this may seem straightforward, details and complexities can be presented to the judge regarding exactly how much value of a certain asset should be considered community or separate. For instance, if one spouse had a certain investment before the marriage, but the investment gained value over the course of the marriage, the value that was added could be included for division.
Experienced And Knowledgeable Guidance In Community Property Division
At Maduforo & Osimiri Law Office PLLC, our attorneys are experienced and detail-oriented. We take a deep and thorough look at a couple’s finances to determine exactly which assets and property are to be included in the division, as well as any outstanding debt that should also be divided.
Judges have a great deal of discretion regarding exactly which assets will go to which spouse, working toward a division that he or she considers equitable. It is important that you have legal representation that understands how to present your case to the judge correctly and achieve a final decree that protects your property rights and your financial future.
Our lawyers have the skill and experience to advocate on your behalf and protect the property that you should be granted during division. For more information, call our law offices today.
To speak with a skilled attorney about what to expect in your particular situation, please contact our Dallas-based law offices today.