Houston Asset Division Attorney
Often, one of the most important parts of divorce proceedings is deciding how you and your spouse will split your possessions. While it may be easy to decide on certain items, there is usually some dispute over a number of other assets. If this is the case, you and your spouse will likely need at least one other party to help you reach an agreement regarding asset division.
If you and your spouse have decided to separate and you are in need of experienced legal counsel to help you with the division of assets, whether through mediation or by going to court, a Houston property and assets lawyer of Holmes, Diggs & Sadler can help. Contact our offices today for more information at (713) 802-1777.
How Property is Divided
In the state of Texas, there are two separate categorizations of property in divorce. These consist of:
- Community Property – Community property is property owned by both spouses. These assets are divided according to “just and right” laws that determine who gets what, taking factors like health, age, need, income, and contribution to child-rearing into consideration.
- Property of a Single Spouse – This can mean anything that is the sole property of one spouse, including things like inheritance, pension earned prior to marriage, gifts given to that person, and items purchased with money outside of the marriage.
Texas property laws can be complicated, making asset division even more difficult in certain cases. Thus, having a qualified and experienced attorney supporting you is extremely beneficial.
If you are considering divorce, a Houston divorce attorney of Holmes, Diggs & Sadler can help you work towards the outcome you deserve. To speak with one of our skilled attorneys today, contact us at (713) 802-1777.