The Attorney for Asset and Property Division

When you've been married to someone for quite some time, your finances become intertwined. That’s part of the legal definition of marriage - you share finances, property, and even debts with each other. When you and your partner decide to seek a divorce, these formerly shared assets and debts need to be divided up between both of you in a way that’s fair and balanced. This means taking into account your separate respective earning power and other issues.

Asset and Property Division

How do assets and properties divide in a divorce?

The divorce lawyer can work with you to determine how you think your property and assets should be divided when you’re leaving your spouse. In many cases, both sides might have different ideas about what they think is fair, meaning you need an experienced advocate to help you present your side of the case and arrive at a court decision that you’re satisfied with.

How do contested vs uncontested divorces affect assets and properties?

A divorce can be either “contested” or “uncontested.” You might wonder where your own upcoming divorce proceedings fit in.
Your divorce could be classified as “contested” if you and your partner strongly disagree on important aspects of the divorce process. If this is the case, you’re looking at a more complicated legal proceeding.

Dividing Marital Properties and Assets in Dallas

Each state has its own set of rules about how things are divided up in a divorce. Texas is what’s known as a “community property state.”
This does not necessarily mean that things need to be divided up perfectly evenly in a 50/50 split. However, the judge will need to weigh all of the facts at hand to figure out what kind of division is the most fair and just. This takes into account things like each spouse’s earning power, as well as different responsibilities in raising the children.

This could be 50/50, 60/40, or some other split.

Will I Get My Fair Share?

What’s "fair" is determined by law, and by the courts' discretion. There are some factors you should be aware of, however, that could cause you or your former spouse to receive a seemingly disproportionate share of the estate.

These are just a few of the things that go into a decision about who gets what after a divorce. While things are pretty straightforward in mutual, uncontested divorces, a contested divorce with an at-fault party can change the stakes.

Start your new beginning

The divorce lawyer can help you arrive at a fair court decision regarding the division of community assets after a divorce, advocating for your best interests in even the most difficult situations.

To find out more about our divorce and family law services, or to speak with the divorce attorney, call us any time at (214) 599-9979 or fill out the form below to begin a 30 minute consultation for just $100.

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