Property division considerations include a variety of assets
Last week, we discussed some of the things that happen when you file for a divorce. One of those points was how you can ensure that your ex doesn’t go around destroying the marital property. We know how important it is for you to ensure that the things you worked hard to acquire are kept safe and sound until the divorce. We know that you deserve to have the best fresh start possible after your divorce.
Keeping your assets protected is important because Texas is a community property state. The division of the property you acquired during your marriage must be made in an equitable manner. It wouldn’t be fair to you if the value of the property was decreased because of actions of your ex.
Take a few minutes to think about the assets you have. While some people might have only a vehicle and bank accounts, others might have a home, vacation properties, life insurance policies, investment accounts, jewelry and retirement accounts. Some people might have business ventures. All of these must be considered as part of the property division process.
We can help you to determine the classification of the items you have. Some items, such as inheritances, aren’t included in the property division settlement. There are some other items that might also be exempt from this part of your divorce.
It is important to know exactly where you stand when it comes to property division. We can help you to work through everything. No matter what is included in your list of assets, we can help you with the property division process.