Divorce in Texas can be complex, particularly when it comes to dividing marital assets. Whether you’re a husband or wife, safeguarding your financial future now will impact how your life plays out after the divorce. That’s why it’s essential to have a team of Katy asset division attorneys by your side throughout the process.
Today, we will unpack how asset division works in Texas. We will also explore the benefits of working with a local family law attorney in Fort Bend County who will diligently protect your interests during the divorce process.
Understanding Property Division in Texas
Texas is a community property state. This means that any property acquired through marriage is generally considered jointly owned by both spouses. Some examples of assets may include real estate, investments, retirement accounts, jewelry, vehicles, and more.
According to Texas law, marital assets are divided into two main categories:
- Community Property: These assets were acquired during the marriage, regardless of who purchased or earned them.
- Separate Property: These are assets that were owned before the marriage or acquired through inheritance or gift, which are typically not subject to division.
During the divorce process, accurately distinguishing between community and separate property is vital to protecting financial interests. A skilled asset division attorney from Parker & Aguilar can help you take the steps required to protect each valuable asset.
Why You Need a Local Family Law Attorney in Katy, Texas
An attorney will focus on ensuring that you receive a fair share during property division negotiations. Our team will also help ensure that any debts are divided fairly between both parties.
In addition to advocating for you in court, one of our knowledgeable asset division attorneys can also provide valuable guidance in the following areas:
- Asset Valuation: A thorough assessment of all shared assets is crucial for assigning the proper dollar amount to each asset. Our attorneys have the resources necessary to value each asset accurately.
- Business Ownership: For couples who own a business together, asset division can become particularly complicated. An attorney can help you determine the best course of action to divide business assets and ensure your financial interests are protected.
- Protecting Inherited Assets: If you have inherited property or assets prior to or during your marriage, our team can help ensure these remain separate property and are not subject to division.
Property division situations can be overwhelming without expert legal support. A local family law attorney can provide the focused legal assistance you need to ensure a fair division of assets. Here’s how we can help.
1. Expertise in Texas Family Law
Our divorce attorneys are well-versed in Texas law and will help you understand your rights in a divorce case. We can guide you through the complexities of various legal situations that pertain to your case, ensuring that you receive your fair share of marital assets.
2. Personalized, Local Legal Support
Every divorce case is unique, and a local family law attorney can offer personalized legal advice tailored to your specific situation. We will work closely with you throughout the divorce process to identify all marital assets – including real estate, investments, and other properties – while ensuring that separate property remains protected.
3. Negotiation and Court Representation
Whether your spouse agrees to an amicable settlement or not, we are here to help. One of our property division lawyers will represent your best interests in court. We will negotiate for you to reach a fair agreement. And if necessary, we will present your case to a judge in Fort Bend County to secure a fair court order.
Protect Your Interests with Our Katy Asset Division Attorneys
At Parker & Aguilar, we understand the emotional and financial stress that comes with divorce. Our family law firm is dedicated to providing compassionate, reliable, and expert legal support to individuals in the Fort Bend County area of Katy, Texas.
Our team will help protect your assets and achieve a fair settlement during the divorce process. So, don’t leave your financial future to chance. Contact Parker & Aguilar for a consultation with a skilled family law attorney who is ready to defend your interests.
If you live in Fort Bend County, contact our Sugar Land office at 281-944-5485 to speak with one of our local Katy asset division attorneys. Our team is here to guide you every step of the way.