Property Distribution In Texas Divorce Cases
Marital property division is a required process for every divorce. While some assets may belong exclusively to one spouse, most of the couple's assets are shared, necessitating difficult decisions. Similarly, this applies to most marital debts. It is important to note that the divorce order assigns property and debt as obligations between the couple, not between the individual incurring the debt and the lender. Additional actions may be needed to manage post-dissolution debt situations effectively.
Our GCH Divorce lawyers know the pitfalls inherent in a sloppy property division and are prepared to do everything possible to protect you from future headaches. We can handle all aspects of your divorce case.
Types Of Property
Community property includes assets and debts acquired during marriage, except gifts or inheritances to one spouse. Typically, this is divided equally between spouses, though various factors can alter the division percentage. Separate property consists of assets owned before marriage, as well as gifts and inheritances received during the marriage.
Let Us Help With Property Division And Other Aspects Of Your Divorce
Parting with some of your property is difficult – this is a significant part of your life’s work we are talking about in bland, sterile terms. Even in situations where the spouses are cooperating in ending their marriage, the property division is almost always emotionally taxing. Our divorce lawyers are experienced with the process and understand the stress you will be under. Learn more by reaching out online or calling 936) 539-1011. We offer free initial consultations.
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