Houston Characterization of Assets Lawyer
Characterization, valuation, and division of assets is often the most complicated and conflict-ridden aspect of a divorce in Houston. Anything from residences, to businesses, to stock, to material possessions needs to be divided fairly in the event of a divorce. There are often many questions regarding who is entitled to what when it comes to property.
If you are struggling with division and characterization of the assets in your marriage, you may need professional legal help. A Houston family law lawyer of Holmes, Diggs & Sadler can help make the process as smooth as possible.
Types of Property in Houston
When dealing with the characterization of assets in Houston, there are often two different types of property involved: separate and community.
Separate property is usually characterized as all property acquired by an individual before marriage. This includes earnings, stocks, business, and material possessions. To be entitled to all income from one’s company, the individual must be able to prove that the company was built before the marriage.
Separate property also includes all assets acquired by the individual by gift or by inheritance.
Community property in Houston is characterized as all of the assets that are built or acquired by either party during the marriage. This includes income, stocks, businesses, material possessions, and income derived from separate property during marriage. This is where most of the conflict and confusion arises when dividing the assets.
It is often difficult to agree on the division of community property, which is why it is helpful to enlist the expertise of a characterization of assets lawyer in Houston.
Contact a Houston Family Law Attorney Today
It is often impossible to divide property satisfactorily in the event of a divorce without professional legal help. For assistance in the division and valuation of the property in your marriage, contact one of our Houston characterization of assets lawyers at Holmes, Diggs & Sadler. Our experienced family law attorneys are here to answer your questions and help you acquire your fair share of property in the divorce proceedings. Call our Houston offices today at (713) 802-1777.