Property Division Lawyers in Texas
The property settlement you receive will form the foundation of your finances for many years to come. It is critical, then, to obtain a fair division of community assets and liabilities.
At Scott M. Brown & Associates, we work hard to maximize the marital assets our clients receive, while minimizing the marital debts they take on. In our adversarial system, this is a challenging task. We base our clients’ positions on facts, obtaining advice and insights from expert professionals such as appraisers, business valuation specialists, and forensic accountants when necessary. Scott M. Brown & Associates will work diligently to protect your assets and interests at every stage of the legal process. Contact us today for a consultation with our experienced Pearland asset division attorneys
- How does the Property Division work in Texas?
- In the event of a divorce, how is property divided?
- Contact A Pearland Property Division Attorney
How Does Property Division Work in Texas?
The partition of property in Texas is governed by a particular set of laws. Divorce in Texas does not always result in an equal division of marital property, unless in very exceptional circumstances. Community marital assets may be divided based on any number of factors, including the age and earning capabilities of each partner and their respective fault in their marriage’s demise. A party’s independent property might be difficult to prove, and tracing it is an art in and of itself. In addition, valuing a property is a difficult undertaking.
When it comes time to split marital property, arguments may swiftly escalate. If you’re contemplating a divorce that may include the division of property and other important assets, you’ll want to consult with an experienced family law attorney who has handled property division cases before.
The Property Division Process
During a divorce, both community assets, and debts must be identified, valued, and divided. The longer a marriage has lasted, the more difficult this process usually is. Over time, separate property (that which you bring into the marriage, plus inheritances and some gifts) can merge with community property (that which you and your spouse have acquired during marriage).
Our lawyers have extensive experience tracing the origin of assets and their transformation into community property. We will work hard to form a true and accurate picture of your property and debt situation to achieve a fair division of community assets and liabilities.
Texan Property and Debt Division Legal Advice That’s Reasonably Priced
If you have a divorce case in which property partition is a major concern, you need to contact our office immediately. When it comes to complicated property division matters, our team of attorneys has the knowledge and expertise to get the job done well, and our fees are well worth it. Some of Texas’ greatest divorce attorneys are employed by our company yet you may benefit from their experience and expertise without having to pay them by the hour. First-rate legal guidance on property division concerns is surprisingly inexpensive, and we can show you how to get it.
You may rely on our lawyers to assist you in resolving any issues that arise in the divorce process, such as the division of a large or contested marital estate. Learn about the unique aspects of our client service in complicated property disputes between spouses by getting in touch with us now.
In the event of a divorce, how is property divided?
Our experienced lawyers have handled a wide range of challenging property partition cases, including the following:
- Retirement plans and savings accounts
- Options and warrants with a time limit
- Family-owned companies
- Debts accrued during a marriage.
- Property in the retail sector
- The ownership of one’s own ideas
- Plans for deferred compensation
- Gifts and bequests
- Cars, boats, and jet skis are all examples of recreational vehicles.
- Possessions you may put your faith in
- Insurance plans that cover the death of the policyholder
- Personal possessions are referred to as “stuff.”
It doesn’t matter how complicated your property division issues are; our skilled lawyers can assist you.
Need legal help in Texas?
Be it family law, divorce, criminal defense, or personal injury — our Texas family law attorneys are here to help. We are results-driven, and we work tirelessly for our clients.
Our Houston family law and divorce attorneys have been providing compassionate and personalized legal services in Texas. Scott M. Brown is a certified family law specialist by the Texas Board of Legal Specialization.
Property Division in the Context of Fault
Divorce laws in Texas are based on both blame and no-fault. In a no-fault divorce, either spouse may merely say that the marriage has broken down and that there is little hope of reconciliation when filing for divorce. The fault is still taken into account when divorcing under no-fault divorce rules. When a marriage ends in divorce because of the misconduct of one of the spouses, it may have an impact on how the assets are divided.
When one spouse uses marital money for anything like an affair or a drug addiction problem, the fault is generally a factor in property division concerns. When a marriage ends, the court will find that the spouse who was not at fault should get compensation for any money that they were not entitled to. This means that they may get a larger share of property partition settlements.
Property Division in the Event of a Marital Property Agreement
The marital property agreement, which is sometimes known as a post-marriage agreement, may have a substantial influence on property partition issues. After a couple has been married, they may modify the status of their marital property by signing a marital property agreement. Agreements regarding marital property must be written and signed willingly by both parties, much as prenuptial and postnuptial agreements. Texas’ community property system may be altered to divide community property in a different way via a marital property agreement.
Community property laws apply to assets acquired during a marriage, such as a retirement account that one spouse possessed while they were single. You and your spouse would normally split any retirement savings that you and your spouse collected together throughout your marriage. This agreement will enable you to split your marital assets in whatever way you choose, without having to go through the courts to do so.
Contact A Pearland, TX Property Division Attorney
Scott M. Brown & Associates has successfully represented many clients in high net worth divorces and divorces involving businesses and professional practices. We will work with experts in appropriate disciplines to fairly value your community assets and liabilities. Armed with this information, our attorneys will seek to negotiate a good settlement. If necessary, we will be prepared to undertake aggressive litigation to protect your rights and interests.
For a consultation about a property division case, contact Scott M. Brown & Associates. We have offices in Angleton, Houston, and Pearland, Texas, to serve you.