Kingwood Property Division Lawyer
Dividing Your Property In A Texas Divorce
At the Law Office of Melissa E. Loveless PLLC, I help clients from all walks of life with property division issues, from major, high-asset property division cases to those involving only a few small items and accounts. I have experience valuating property, separating community property and working with qualified domestic relations orders (QDROs). In certain cases, these calculations are extremely complex, so I may work with accountants, forensic financial specialists and other experts in these matters. I represent Texas clients in the Kingwood area.
Property Division Attorney ∙ Community Property
Texas is a community property state. This means that there is a presumption that all property is community property. The court’s goal in property division proceedings is to divide the property between the parties equitably. I can assist in developing creative ideas for property division so that the parties can achieve the best results for their situation.
When necessary, I work with a team of accountants and financial experts to help you get an accurate assessment of community property.
Separating Community Property From Separate Property
The court will only split the property that is deemed community property. For this reason, it is essential to determine which property is community and which is separate. Generally, there are three types of separate property:
- Inherited
- Property owned prior to marriage
- Gifted
One of the most difficult aspects of this involves tracing the property. Certain types of assets can be considered separate property. However, once that property has been mingled with the other spouse’s property — such as in a joint banking account — it is necessary to trace the property to re-establish that it is indeed separate.
Contact A Kingwood Divorce Asset Protection Attorney
To schedule a free detailed phone consultation, call 281-766-8139 or contact me online.