Property Division in Texas
Property Division in Texas
Along with child support and child custody, property division is one of the key matters to resolve during a divorce. Texas is a community property state, which means that the law assumes that everything acquired by the couple during the marriage is shared property. As you might imagine, this can lead to significant conflicts. In many cases, individuals have to go to great lengths to prove that their property qualifies as “separate property” and should be excluded from the division process.
At The Wynne Law Firm, our team of proven and knowledgeable Fort Worth family lawyers have more than 110 years of collective legal experience. Over that time, we have become well-versed in the conflicts that occur during property division. We can help guide this stage of divorce in the courtroom, pursue protections for the assets that are important to you, and ensure that the final settlement reflects what you deserve.
Start the process today and contact us at The Wynne Law Firm.
Separate vs. Community Property
The state of Texas outlines a very extensive definition of what it considered “community” property in a marriage. Tangible assets, like property and jewelry are considered community property, as are intangible assets, such as income, benefits, and even debts.
Common examples of “separate property” can include:
- Any assets that were acquired prior to the marriage and remained separate
- Any gift given specifically to one spouse and not the other
- Compensation awarded as part of a personal injury claim
These are just a few examples. The truth is that a divorce in Texas is going to involve an in-depth look at all of your assets and a judge will make the final decision as to who gets what. This means that it is absolutely essential that you have assertive and experienced counsel by your side. Even in high-asset divorces, our legal team has experience in emphatically establishing our clients’ right to what they deserve when it comes to property division. We are ready to the same for you during your divorce.
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