Asset Division in Texas
Our Houston Attorney Can Guide You
Texas is considered a community property state, which means that the total amount of income earned and any property that was acquired during the marriage is community property and therefore belongs to both spouses. When dividing assets and property in a divorce, everything earned during the marriage will be divided among the two spouses.
The division of property and assets is often extremely complex without proper guidance from an experienced Houston lawyer. At the Law Office of Bryan Fagan, PLLC, our firm can navigate this process on your behalf and ensure that you capably seek the assets you deserve during your divorce.
Family law matters can be very personal. Put your trust in the Law Office of Bryan Fagan. Call us at (281) 810-9760 to learn more about your case.
How will property be divided?
A judge will divide the property and assets in a way that is considered “just and right.” Note that this does not necessarily mean “equal.” Debts are also looked at as community property, meaning any debts inherited during the marriage will be divided between the spouses, as well. Anything earned before the marriage is considered “separate property,” and belongs to the spouse who acquired it.
Before diving the community property, a judge will consider the following factors:
- Fault in the breakup
- Disparity of earning power
- Each spouse’s health
- Who has custody of the children
- Dividing Property in a Texas Divorce – The Just and Right Division
- What Wikipedia Can’t Tell you About Texas Divorce and Marital Property Division
- Texas Divorce and Retirement & Employment Benefits by the Numbers
Schedule Your Free Consultation Today
Going through any complex family law matter can be extremely stressful without the help of a trusted legal advocate by your side. At the Law Office of Bryan Fagan, you’ll find representation that is dedicated and focused on prioritizing your needs throughout every step of your legal process. Our approach relies on the quality relationships we maintain with our clients and your case will be no exception.
To learn how we can help, contact us and request your free consultation.