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Barbara L. Jouette, Attorney, P.C.
888-268-7997 / 214-385-4562

Helping Texas residents understand asset division

It is never easy to separate two lives, which is why divorce is an action that should never be taken lightly. During a divorce, courts will often do the best they can do split the divorcing couple's lives evenly, allowing both couples a fair amount of time with children and an equal share of assets. Unfortunately, courts do not know which assets are more important to whom, and depending on the circumstances, you could lose something precious.

The good news for divorcing couples is that assets acquired before marriage are considered separate property, and the chances of losing separate property in a divorce are almost nonexistent. However, any property that was acquired during the marriage, even if it is property for which you paid, and even if your spouse never knew that you owned the asset, will likely be considered community property. Community property can be subject to asset division, which means there is a chance it will be granted to your spouse.

In order to have the best chance of walking away with the assets that are most important to you, it is a good idea to hire an attorney as soon as possible. Experienced legal counseling can help you take stock of all of your assets and determine which ones are most at risk. Early consultations with your attorney and with your spouse can allow all parties to calmly discuss the assets at stake and perhaps come to an agreement about which assets will go to whom.

Of course, there is always the chance that both parties will want a particular asset, and in such circumstances, it is very difficult to determine who is more likely to be granted the asset by the court. If you are going through a divorce in Texas and you are concerned about property division, please visit our website to learn more. With the help of an attorney, you can better prepare for any litigation that is necessary during your divorce proceedings.

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