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Texas is a community property state, which means that all marital property will be divided as evenly as possible in a divorce. Although this typically results in a 50/50 split, Texas uses a “just and right” standard, so there may be cases in which one spouse receives a greater or lesser share. Generally, any assets you obtained throughout the marriage will be considered marital property, with a few exceptions, such as an inheritance.
Separate property, on the other hand, includes any assets that you or your spouse had before you got married.
Additionally, separate property also includes:
- Money you received for personal injuries (with some expectations such as money that is to compensate for list wages)
- Assets you acquired from separate property
- A gift you received during or before your marriage
In some cases, property and assets may become commingled, which can complicate matters in a divorce. Commingled property is particularly common in long-term marriages. If you and your spouse cannot agree on which assets are separate property and which are marital property, an experienced divorce attorney can advocate on your behalf to protect your share of assets.
Reach out to our law office today at (469) 646-7763 to set up a case evaluation with our skilled divorce attorney to learn more about the services we provide and how we can assist you.
Helping You Receive the Property and Assets that Are Rightfully Yours!
When a couple ends their marriage, they must address several issues before it can be finalized, including the division of marital property. At Camille Borg Law PLLC in McKinney, our family law attorney is committed to guiding clients through the divorce process and protecting their interests. You can rely on us to provide the strong legal support you need to navigate the process of dividing your marital property.
Property division is one of the most contentious matters in a divorce. With the assistance of an experienced attorney on your side, you can more easily navigate the obstacles that can potentially arise. At Camille Borg Law PLLC in McKinney, our knowledgeable divorce attorney is committed to providing personalized representation and is backed by a history of successful results. Our law firm is ready to work with you to achieve the best possible results for your case.
Reach out to our law office today at (469) 646-7763 to request an initial consultation and discuss the details of your divorce and learn more about your legal options. You do not have to go through this on your own.
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