Protecting Your Property And Assets
If you are going through a divorce and are concerned about how your property will be divided, we can help. San Antonio property settlement agreement lawyer Jon Disrud has extensive experience guiding people through this difficult issue. We can prepare you for what to expect, and we will do everything we can to ensure that your interests are protected.
Dividing Community Property
In divorce litigation, Texas is a community property state. This means that all property acquired during the marriage will be divided equally between the spouses during divorce.
However, the 50-50 division of property is not automatic. Texas courts consider many additional factors during property division, including:
- Each spouse’s income
- Each spouse’s future earning ability
- Significant imbalances between incomes
- Fault in the divorce
- Which spouse provides primary child care
- Which parent has primary custody of children
If the spouses have significant differences in these factors, the courts might adjust the property division for equity. If not, then the courts generally divide the community property evenly between the spouses.
Property That Is Subject To Division
There are a few marital assets that will typically be divided equitably, including:
- Financial accounts
- Real estate
- Personal property
- Retirement accounts
Marital debts are subject to division as well, including mortgages, loans, taxes, credit cards and any outstanding judgments. Any assets you owned before the marriage will generally still belong to you after the divorce.
It Is Essential To Have An Experienced Marital Property Division Lawyer
Property division is often one of the most complex processes during divorce. It can be even more so in a high net worth divorce. Spouses with significant assets face serious challenges to determine the ownership and value of all their assets. Experienced attorneys and financial experts can help you identify and value your assets, as well as recover hidden assets.
Many high net worth spouses also hold joint assets, such as a business. Dividing these assets without damage to your business requires a strategic approach. Attorney Jon R. Disrud is a Texas board-certified family law specialist* who can help you with the valuation and separation of a business such as professional practices, privately and publicly held companies, stock options and limited partnership division.
Call For A Consultation With A Property Settlement Agreement Lawyer In Texas
Contact our San Antonio property division attorneys online or call 210-569-0581 to schedule a free initial consultation to discuss your situation.
*Certified by the Texas Board of Legal Specialization