Property Division: Understanding Your Rights
In Texas, divorce inevitably involves dividing your shared life, including your shared assets. The process can be complex, and the stakes are high. You deserve an experienced advocate who understands Texas’ intricate property division laws.
Clarity And Confidence In Property Division
With over 25 years of combined experience serving clients in Texas, our lawyers at Winnie A. Bates, Attorney at Law, provide knowledgeable representation and clear guidance during the property division process. We know the law, and we’re here to help you secure your financial future.
What’s On The Table?
Texas is a community property state. This generally means that all property acquired during the marriage is considered community property and is subject to division. This includes:
- Real estate (homes, land, investment properties)
- Personal property (vehicles, furniture, jewelry)
- Bank accounts, retirement accounts, investments
- Business interests
However, separate property, such as inheritances, gifts received during the marriage or property owned before the marriage, is generally not subject to division.
How Is Property Divided?
While Texas law aims for a “just and right” division of community property, this doesn’t always mean a 50/50 split. Several factors can influence the division, including:
- Each spouse’s earning capacity and financial resources
- The duration of the marriage
- The health and age of each spouse
- Contributions to the marriage, including homemaking and child-rearing
- Fault in the breakup of the marriage (in some cases)
We understand that navigating property division and other family law challenges can be overwhelming. We will work tirelessly to protect your interests, advocate for a fair division and ensure your financial security post-divorce.
Secure Your Future
Facing property division without experienced legal counsel can leave you vulnerable. Contact our attorneys at Winnie A. Bates, Attorney at Law, today at 512-877-6255 or through our online contact page to schedule a consultation. Let us help you navigate this challenging process and secure your financial future with confidence.