Keep What is Rightfully Yours
As if divorce wasn't stressful enough, there is the added concern of whether you will be able to keep the property you've acquired during your time with your spouse. One of the most common fears is that you will be left with nothing as your marriage comes to a close. At the law firm of Patel & Warren, we're here to assure you that is not the case.
Our attorneys are here to help you protect your assets, both large and small. We know the state's property division laws and we know how to help you keep what is rightfully yours.
How is Property Divided?
In Texas, property is either community property or separate property. The first step is to determine which pieces of property fall into which category. Separate property does not have to be divided as part of the divorce. Community property does. Property division is intended to be done in a fair and equitable manner, but that does not necessarily mean a 50/50 split.
Of course, in order to divide property fairly and equitably, we need to understand the value of the property in question. For many pieces of property, such as a bank account, that step is easy. However, it can get complex when the property is a collectible, a retirement account or a small business. Our lawyers know business valuation. We know how to see that any type of property is accurately valued and that division meets your needs.
What About the House?
One of the most common sources of dispute is what will happen to the family home. Yes, it is possible to sell the home and put the money received into the pool of community property to be divided equitably and fairly. However, what if the housing market is bad? Should the house be sold at a loss? We will take great care to review all of the options in order to find the outcome that is best for you.
Tell Us About Your Case
Contact us for a thoughtful and professional review of your case from a family law attorney serving Houston and the surrounding parts of Texas.
