Protecting Your Community And Separate Property Rights In A Texas Divorce
As a community property state, Texas law requires all marital property to be divided between the spouses “in a manner that the court deems just and right.” This does not necessarily mean a 50-50 split. Be sure you have a reliable attorney with the ability to ensure your property rights are protected.
At Jeremy J. Poet Law Firm, PLLC, we represent clients on both sides of complex property division matters. We have a substantial background with these potentially contentious family law proceedings, and we work diligently to secure the most advantageous division available for your case in Sherman. We work closely with you to understand your goals and develop a specific strategy designed to accommodate them.
Understanding Community And Separate Property
There are two primary categories of property that need to be addressed in these proceedings: community property and separate property. Community property includes any asset that was acquired by either spouse during the course of the marriage. Separate property consists of any assets owned by either spouse prior to the marriage as well as any items obtained via gift or inheritance and most financial awards recovered in a personal injury claim, whether before or during the marriage.
Another important consideration in many property division proceedings is the increase in value of certain separate assets. If one of the spouses owned a business prior to the marriage or had a 401(k) or other type of retirement account, the other spouse may have a claim to a share of the increase in value of the asset during the marriage. We do everything in our power to ensure you receive your fair share of the marital estate as well as any eligible portion of your spouse’s separate property.
Talk To A Lawyer About Your Property Division Questions
Contact us today about your property division needs. We handle all aspects of these cases, from protecting your separate property rights to obtaining accurate valuations of your property and negotiating a fair division of the community estate. You can schedule a free initial consultation at our office by calling 903-357-5269, or via email by completing the form below.