Experienced Texas Property Division Lawyer
Texas is a community property state in which courts strive to divide marital property evenly (not necessarily equally) between spouses. Assets that were acquired during the marriage count as marital property, regardless of which spouse obtained or earned them.
I am attorney Ehren Stuart Ezzell, and I know how complicated property matters can be in a community property divorce. From my office in Austin, The Ezzell Group, PLLC, can help with complex property division. I provide 24-hour phone access and can answer questions and provide information at any time. With my experience and commitment, you can navigate the family court process informed and ready to guard your property interests confidently.
What Is Marital Property?
It includes both assets and debts acquired by either spouse during a marriage, with few exceptions. The following list provides specific examples to help you understand what typically falls under community property in Texas.
- Wages
- Bonuses
- Real estate
- Business ownership
- Pension plans and retirement plans
- Investments
- Pets
On the other side of the marital property equation is separate property, which includes assets given to you as a direct gift – such as an inheritance your parents left for you and not your spouse – or items that either of you brought to the marriage. If you purchased the family home prior to getting married, for instance, you may be the only one on the title and it may not be a marital asset.
As mentioned, marital debts incurred during the marriage must also be divided. Texas courts divide debts between spouses in a manner they deem “just and right”. However, this does not always mean a 50/50 split, as the court takes into account various factors to ensure fair debt distribution.
Call To Protect Your Rights
Disputes over property division often arise when couples disagree on what qualifies as marital property or how it should be divided, potentially complicating your divorce and adding to your stress, anxiety and costs. For assistance with these issues and more, call 737-358-6450 or contact The Ezzell Group, PLLC, online to schedule a free consultation.