Houston Property Division Lawyer
Information about Property Division in Divorce Cases
In addition to the already stressful nature of divorce, there is the added concern of property division between the two spouses. In Texas, property is considered either community property or separate property. The first step in the process of property division is determining what property falls into which category. While separate property does not need to be divided as part of a divorce, community property does. The division of community property is meant to be done in a fair and equitable manner, but depending on circumstances surrounding the divorce, this does not always mean a perfect 50/50 split between the spouses. In order to establish equality in the division of the property, certain things need to be determined, such as the val ue of the property in question in the event that it is something like a collectible, a small business, or a retirement account).
If you are attempting to resolve an issue of property division in a divorce and require legal help, it is recommended you contact a Houston divorce attorney who can review your case and provide you with professional advice and assistance. The Law Office of Eric L. Fredrickson P.C. has assisted hundreds of clients with difficult property division cases over a span of 18 years and welcomes you to call in order to discuss your situation in a free initial consultation.
Experienced Property Division Attorney in Houston
One of the more common items of dispute in property division matters is the home shared by the two spouses. It is possible to sell the home and divide the proceeds equally as part of the community property pool, but there are other options available if one does not want to sell their home, and a skilled property division attorney can help one review those options. It is important to have a knowledgeable attorney to review your assets and determine the value and nature of all property owned jointly that can be subject to property division. Having a meticulous attorney to examine your possessions can greatly assist in ensuring you receive an equitable settlement. Aggressive and informed legal representation is a must when seeking to protect your property in divorce.
If you need help in the division of property when divorcing, contact a Houston property division lawyer who can assist you in obtaining an equitable division of your property.