What Wikipedia Can’t Tell you About Texas Divorce and Marital Property Division

Texas courts must divide the community estate in a manner that results in a just and right division. Community property includes all property that was obtained throughout the course of the marriage. In some cases, marital property division becomes more intricate when the marital estate consists of extensive property and assets - these matters are often referred to as high-asset divorces or high net worth divorces. Investments, pension plans, real estate and business holdings may be vital components of your community estate, and you need an experienced legal team to assist you in making sure that you receive or protect your share.

The Law Office of Bryan Fagan, PLLC provides legal assistance for the following marital property division related matters:

1. Business Owner Divorce
2. Complex Property Division
3. High Asset Divorce / High Net-Worth Divorce
4. Retirement and Employment Benefits
5. Separate Property
6. Characterization of Marital Property
7. Just and Right Division of Marital Property
8. Divorce Planning
9. Hidden Assets
10. Tracing

When the issues surrounding the division of property in a divorce case, it's important to have an attorney on your side who is familiar with properly handling each and every detail to ensure that your interests are protected and the divorce is resolved without the risk of future property disputes.

Houston Marital Property Division Attorneys

Whether you have a relatively simple community estate or a complex one, the attorneys at the Law Office of Bryan Fagan, PLLC are successful at assisting our clients in all aspects of dividing marital property. Contact us for legal representation in Harris County including Houston, Northwest Houston, Champions, Spring, Tomball, Klein, FM 1960 area, or The Woodlands and Conroe in Montgomery County.

Marital Property Disputes

Before property can be divided, you must know whether it is separate or community property, and you must know its current value. Distinguishing the type of marital property (i.e., community or separate) is called characterization. Determining the current value of the assets is also called valuation. When disputes arise in a divorce case, it's important to have an experienced attorney on your side to help you sort through all the details.

Characterization of Property

Determining whether property is considered separate property or community property is contingent on various factors such as whether it was attained before or during the course of the marriage. Other factors are much more complex such as when an asset (e.g., a 401(k) or pension plan) has a mixed character.

Valuation of Property

Stock in publicly traded companies and checking and savings accounts can be easily valued. Other assets such as stock options, retirement plans, pension plans, business interests, and professional practices have value that is not easily determined. Many times, valuation of more complex assets requires a team of experts working together, including your attorney, accountant, certified appraisers, and other professionals.

Divorce | Property Division Settlements

Our Houston family law attorneys have experience in all areas of family law and divorce. Our law firm has been successful, in part, because we personalize legal representation for our clients and listen to your goals.

As part of that personalization, we pursue negotiated and mediated settlements to achieve cost-effective and efficient solutions. However, when a marital property division settlement that meets our client’s goals cannot be reached, we will stand firm to protect your rights in court.

The Law Office of Bryan Fagan, PLLC routinely works with other professionals such as expert investigators and accountants to ensure the best possible results for you. These professionals assist our attorneys in locating, evaluating, and appraising your complex marital property. A team of professionals is most often needed in high asset and high net worth divorces, but even a simple residential appraisal in the most basic divorce may help to resolve contested issues in the case. For over 40 years The Law Office of Bryan Fagan, PLLC has had experience with networking with skilled and qualified professionals to better assist our client with marital division of property settlements.

Often our client’s property, assets and debts include:

1. Closely-held businesses
2. Partnerships
3. Corporations
4. Limited Liability Companies
5. Family trusts
6. Professional practices
7. Advanced degrees
8. Real estate
9. Ranches
10. Securities
11. Livestock
12. Oil wells
13. Overseas holdings
14. Executive compensation packages
15. Estates
16. Student loans

We provide the expertise and know-how to deal with all types of marital property, including those listed above.

Ebook

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Other Articles you may be interested in:

1. Dividing Property in a Texas Divorce - The Just and Right Division
2. Why is Separate Property Important and How to Keep it Separate in a Texas Divorce?
3. Texas Divorce Property Division Enforcement
4. Separate Property in a Texas Divorce?
5. Does it Matter Whose Name is on Title or Deed of Property in a Divorce in Texas?
6. Is Social Security Considered Separate Property in a Texas Divorce
7. Business Owners and Business Assets in a Texas Divorce
8. What to do when your divorce decree does not include a marital asset?
9. High Net Worth Divorce / High Asset Divorce
10. Can you negotiate child support during mediation?
11. Why is Separate Property Important and How to Keep it Separate in a Texas Divorce?