San Antonio Property Division Attorney
Helping Clients in Texas Divide Debts & Assets in Divorce
The division of a marital estate will be a fundamental element in your new life. From real estate to retirement, we know how to ensure you get a fair distribution of your most valued assets.
Determining the character of community v. separate property can be difficult. Questions of how to divide investments, whether real property, market funds, or other valuable property, might be at issue. Valuing businesses for the purpose of division in a divorce is subject to specific family law statutes and is not necessarily as straightforward as subtracting liabilities from assets.
It is important to have an attorney helping you sort through these issues, so that you ensure you have protected your financial future.
If you are going through a divorce in San Antonio or the surrounding areas, contact the experienced property division attorney at Knowlton Law Firm to ensure a fair distribution of assets. Contact our firm online or by calling (210) 361-6990 today.
Learn More About Community vs. Separate Property
What is Considered Community Property in Texas?
In Texas, community property is any asset or debt acquired during the marriage by either spouse that belongs to both parties. This includes:
- Money earned during the marriage
- Any real estate owned by spouses
- Items purchased jointly such as furniture
- Money saved during the marriage
- Debts acquired throughout the duration of the marriage
What is Separate Property?
In Texas, separate property is any asset or debt owned solely by one spouse prior to the marriage. This includes:
- Items such as inheritances
- Gifts received during the marriage
- Personal injury settlements
Separate property may retain its status during a divorce if it is not commingled with community property. However, it can become commingled in certain scenarios such as when a spouse uses their own money to pay off a joint debt or deposit money into a joint account. If this happens, some of the asset may be considered community property in a divorce settlement.
How Do the Family Courts in Texas Determine Property Division?
In Texas, family courts must determine the division of property between spouses during a divorce. This is known as equitable distribution.
To decide on how to divide assets, the court will look at several factors including:
- The length of the marriage
- Each spouse's employment status
- Educational backgrounds
- Both parties' financial needs after they are separated
At times, a judge may award all or part of one spouse's separate property to another if deemed necessary for them to obtain their fair share after separation. Ultimately, when dividing assets, courts aim for fairness between both parties based on their marital contributions and certain other factors relevant to their specific situation.
Why Should I Hire a San Antonio Property Division Attorney?
Hiring an experienced property division attorney in San Antonio is the best way to ensure you get a fair and equitable outcome when going through a divorce.
A skilled property division lawyer will:
- Know how to navigate Texas family court laws and help you come up with an agreement that works for both parties
- Advise you on what assets should be treated as community property and which separate property should remain intact
- Look at all of your financial needs and make sure they are met in the final ruling
- Negotiate on your behalf so that you receive the best possible outcome in court.
Overall, having an experienced property division attorney by your side during a divorce is invaluable in helping you obtain the fairest distribution of assets available under Texas law. Call the San Antonio property division attorney at Knowlton Law Firm today.
For experienced representation, contact our property division lawyer in San Antonio. Start discussing your case today by contacting us online or calling our firm at (210) 361-6990.
Treating Clients Like Family
“Brian took an extremely difficult situation, carefully handled the details, and guided us to a perfect solution.”- Mike
“I only dealt with him and no one else which was a change from previous lawyers I've dealt with. Highly recommend!”- Laura
“It is SO difficult to find a responsive, brilliant, creative, hardworking attorney, but alas if you are looking to Mr. Knowlton, you have found one.”- Jessica