How is property divided during a Texas divorce?
Texas is a community property state, which means that all of the assets a couple earns during the marriage are considered community property and must be split fairly and equitably during a divorce.
However, this doesn’t necessarily mean that the assets are split equally. A judge can decide to award one spouse slightly more or less of the community property if he or she believes that the outcome would be fair and just.
But before you can work toward obtaining a fair and equitable share of the community property, you first have to understand the difference between community property and separate property.
As we stated above, community property is considered all assets that a couple earns over the course of the marriage, and these assets must be divided fairly and equitably during divorce. However, separate property is not subject to division during a divorce.
Separate property includes all of the assets that a person brings into the marriage. Separate property can also include an inheritance or a gift that was given to one spouse during the marriage.
The problem is that it’s not always easy to discern which assets are community property and which are separate property. Oftentimes, separate property gets co-mingled with community property, and the line between separate and community property can become blurred.
That’s where an experienced family law attorney comes in.
Our firm has been assisting clients in complex property division cases for many decades, and we know how to carefully sort out the separate property from the community property in order to reach a fair and just outcome for our clients.
If your divorce involves a complex marital estate or a family business, it’s important to work with a firm that has experience handling these unique cases. We are highly skilled at handling complex divorce cases, thanks to our deep understanding of state laws and policy.
For more information on how our firm helps clients secure their future, please visit our Property Settlements page.