Houston Characterization of Assets Lawyers
One of the most commonly contested aspects of a divorce is the characterization of assets, whereby property rights are determined for the divorcing couple. Depending on how an item was acquired, one individual may have definitive claim over a particular item. When couples disagree on the terms of ownership, the entire process can take a much longer time than originally planned.
In situations where couples disagree on property rights, experienced legal representation can make a dramatic difference in ensuring that items are fairly divided. The Houston lawyers at Holmes, Diggs & Sadler understand how difficult the characterization of assets can be and we have the knowledge and experience to ensure that your property rights are upheld. We know how sensitive a divorce can be for all parties involved and we work with the utmost discretion on behalf of our clients.
Determining Asset Acquisition
With some exceptions, property ownership may be determined according to when it was acquired. Property is often divided with respect to three basic categories:
- Pre-Marital property
- Property acquired during the marriage
- Property bought after legal separation
Many people assume that items acquired during a marriage are shared property. However, items such as gifts are usually considered to be the property of those who were intended to receive them. Additionally, items acquired before marriage may, in the course of the marriage, become shared property. Because of the complications that arise from such technicalities, it is critical to consult with an attorney to help determine rightful property ownership before any divorce proceedings take place.
Contact a Houston Characterization of Assets Lawyer Today
Issues regarding property ownership may seem like a remote topic to couples beginning the divorce process. However, if you are pursuing a divorce and are concerned about your property rights, the Houston attorneys at Holmes, Diggs & Sadler are able to discuss your legal options with you at this difficult time. To speak with one of our knowledgeable attorneys about your particular situation, please call our office at (713) 802-1777.