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Round Rock Asset Division Attorneys

Protect Your Valuable Assets in Divorce

In divorce, you and your spouse will have a lot of different topics to discuss—or argue if things aren’t going smoothly. One of the most important topics will be asset division or how your marital property is split once the marriage is over. Don’t risk losing valuable property that should be yours by trying to handle asset division alone. Instead, come to the Round Rock asset division lawyers of Diggs & Sadler for all the professional guidance and counsel you need.

Texas Property Division Rules

In Texas, community property rules are used during asset division. While this rule might seem simple at first, you will find that it can get complicated quickly based on the details of your property, marriage, expectations, and so on.

Under community property rules, assets can be categorized as:

Separate property: An asset that you alone own is considered separate property. It can include gifts, inheritances, and property that you owned before you got married. Separate property should not be divided during asset division.
Community property: An asset that you own with your spouse is community property. It can include property that you bought together or attained during the marriage, or that benefits everyone in the household. Community property will be divided in an equitable manner, which means based on what is fair. This might not be the same as what is equal.

Property Evaluation

Texas family law courts want to divide community property as close to 50-50 as possible, which is generally seen as the “fairest” option. To get to that point, it must first evaluate the community property against various factors that affect it and your marriage.

When evaluating community property, a family law judge will consider:

Why you filed for divorce
Income differences between the spouses
Future income earning potential of both spouses
Child custody arrangements
Total value of the household’s estate
Health needs of both spouses

For example, if your spouse doesn’t make enough income on their own to continue payments on the family house, but you do, then the court might be more inclined to give you ownership of the home. Unique situations like this can greatly affect asset division.

What Is Considered Separate Property?

A difficult goal in many asset division cases is to prove that certain pieces of property are separate and should remain under your ownership when the divorce concludes. Your spouse might mistakenly think a piece of property should be community property. They might even intentionally misrepresent a piece of property to try to make it their own when they know it isn’t true.

Diggs & Sadler knows how to present an asset division case that clearly shows what separate property should belong to you. With our extensive practice experience, we can strategize around any challenges your spouse and their legal counsel create.

We can prove that separate property belongs to you by:

Collecting receipts
Accessing financial records
Talking to credible witnesses
Showing proof of inheritance

Are Businesses Considered Community Property?

If your or your spouse own a business, there may be some concern about how that business may be handled during the divorce process. In general, if you or your spouse started or continued to develop the business during the course of your marriage, the business may be considered community property and will need to be evaluated in the divorce proceedings.

If you are undergoing a divorce that involves a private business as part of the community property, it can be beneficial to hire a CPA or business appraiser to help assess the value of your business.

Request a Consultation with Our Firm Today

The best way to learn more about asset division and property rules in Texas is to get your case started. Take the first step today by connecting with our Round Rock asset division lawyers of Diggs & Sadler. We are here to guide you through the entire process, so your divorce can go as smoothly as possible.

Please call us at (713) 766-5355to discuss asset division questions and concerns today.

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Reviews & Testimonials

At Diggs & Sadler, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

"Call IMMEDIATELY!"
Michael is very knowledgeable and professional. I wouldn't have known where to start with my case without him! He takes his time and interacts with your experience followed by sound advice... He is a gem in the community.

- Eboni
"Wouldn't be in this situation without him!"
10 out of 10 I recommend working with Mr. Araj.

- Kristi
"Michael was always there for me, every step of the way."
Michael was always there for me, every step of the way.

- Steve B.
"Michael Araj is a star."
Highly recommend.

- William O.
"I’m amazed at her insight in handling complex legal issues and grateful for her aggressive approach."
I wish Kevin hired Judie Sadler to handle his divorce instead of the train wreck attorney he commissioned. Fast forward a few ...

- Donna Marie A.
"They care about their clients and fight for you"
They are extremely conscientious and smart and are excellent trial lawyers.

- Gina F.
"She is an ethical, honest and knowledgeable attorney"
We highly recommend her to assist with any issues you or your company may need.

- Kyle G.
"They are highly knowledgeable, professional and very client service focused"
I would highly recommend Diggs & Sadler to anyone needing family law representation in the Houston area.

- James M.

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Round Rock Asset Division Attorneys

Protect Your Valuable Assets in Divorce

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