Complex Division Of Property
Kerrville Property Division Attorney
Working to Provide Texas Clients with Unparalleled Dedication
There are numerous considerations to be made when dividing property during a divorce. The challenges and stress associated with determining how to divide assets such as the house, car, retirement, pensions, businesses and more can intensify when there are complex property issues. You may be wondering what is important to fight for and when to let an asset go. Our experienced family lawyers in Kerrville bring over 20 years of skill to assist your decisions during this time.
Is Texas a Community Property State?
Texas is known as a community property state, meaning that all income and property earned by either spouse belongs to both equally during a divorce. Similarly, all debts that are acquired during the marriage can be awarded to both parties. In some cases, a Kerrville property division lawyer can prove that there are reasons why the property should be distributed differently during a divorce that a judge can choose to implement.
Common Types of Community Property That Must Be Divided Include:
- Bank accounts
- Family home
- Interest in a pension or 401(k)
- Investment accounts
What Is Considered Separate Property in a Marriage?
Separate property is an asset or debt that was acquired before the marriage and kept separate. It can also include items acquired by inheritance, gift, or during a personal injury lawsuit. This cannot be granted to the other spouse during a divorce.
Trusted Kerrville Division of Property Lawyers at Your Service
While it may seem straightforward, there is much room for interpretation in a Texas property division case. Our property division attorney in Kerrville will have an honest conversation about your needs and how to protect your interests before a judge or jury. Our services include dedicated advocacy and reliable counsel. For unsurpassed experience and successful representation of our client’s interests during a divorce, look no further than The Law Office of Patrick O’Fiel, P.C.