Protecting Your Assets In Texas Asset Division Procedures
In the event of a divorce, determining how to divide property can be complex and emotionally charged. Understanding your legal rights is crucial in ensuring a fair distribution of both assets and liabilities. Individuals going through a divorce may be entitled to certain shares of the marital property, depending on the laws of the state.
At Osborn Law Firm, P.C., we have extensive experience in handling property division cases. Our attorneys, with over 20 years of combined experience, provide comprehensive legal representation to ensure your assets are protected during the process of divorce. We serve clients in Taylor, Williamson County and throughout Texas.
How Is Property Divided In A Texas Divorce?
Texas is a community property state, which means that most property acquired during the marriage is considered jointly owned by both spouses and is subject to division upon divorce. This is different from equitable distribution states, where property is divided based on what is deemed fair and equitable by the court. In Texas, community property includes:
- Real estate
- Bank accounts
- Investments
- Vehicles
- Furniture and household items
However, there are exceptions to community property, such as assets owned before the marriage or inheritances received by one spouse. Our knowledgeable lawyers will thoroughly assess your marital property and help you understand your rights under Texas law.
What Factors Influence Texas Property Division In A Divorce?
When dividing property in a Texas divorce, courts consider various factors to ensure a just and right division. These factors may include:
- The duration of the marriage
- Each spouse’s earning capacity and financial resources
- Contributions to the acquisition and preservation of marital property
- The age and health of each spouse
- Child custody arrangements and the needs of any children involved
- Any prenuptial or postnuptial agreements
Our attorneys will work closely with you to gather evidence and build a strong case that demonstrates your contributions to the marriage and protects your rightful share of the marital assets.
Fight For A Fair Division Of Property: Call Now.
Property division makes divorce – already a difficult and emotionally devastating process – even more harrowing, but you don’t have to face these challenges alone. At Osborn Law Firm, P.C., we are committed to providing the experienced guidance and compassionate support you need during this difficult time.
Call us at 512-524-9359 or fill out our online form to schedule a free consultation with one of our skilled Taylor property division lawyers.