Division of Marital Property After Divorce in Texas
When you and your spouse are going through a divorce, the division of property and debt may cause contentious disputes. It is critical to secure an experienced family law attorney with a reputation for success in order to ensure a fair outcome.
In Texas, the law requires that both the assets and debts acquired from the date of marriage and the date of divorce be divided and distributed between spouses regardless of the name the property is held in. This division of property may include:
- Bank accounts
- Homes and other real estate
The Texas Legislature requires that the marital estate be split in a just and right manner, which typically results in one half going to each party. In many circumstances, however, this may be unfair. The law allows for deviations from the standard surrounding the division of property. Our family law attorneys will work with you to ensure your best interests are maintained throughout the division of your marital property.
Equitable distribution in Texas is extremely complex and requires constant monitoring of the ever-changing law. Determining the division of property and equitable distribution is a technical and often complex process for couples at any income level. Those with extensive or complex marital assets such as executive compensation packages, family-owned business assets, investment portfolios or multiple real properties, however, often face additional complications in determining a fair property division settlement.
The Nilsson Legal Group team has extensive experience representing clients of high net worth or those with complex marital estates. We provide the level of expertise and discretion clients appreciate, striving for resolutions that protect their immediate and long-term interests.