DIVISION OF MARITAL ASSETS

Houston, Texas Property Division Lawyer

Divorce dissolves the life a couple spent years putting together. Over the course of ten, twenty, thirty years or more, it is likely that the couple acquired significant property and other assets. The division of assets can be agreed upon by the parties through mediation or collaborative law. If the parties cannot agree upon division of assets, the court will make the decision. Contact the Law Offices of Judith E. Blanchard, P.C. to arrange a consultation on property division issues.

What Property Will Be Divided?

Texas is a community property state. This means assets that were acquired during marriage will usually be considered in the division of property. These assets include:

• Marital home
• Second home or vacation home
• Furniture and appliances
• Art
• Jewelry
• Cars
• Recreational vehicles such as boats, airplanes, and motorcycles
• Bank accounts
• Stocks, bonds, and other investments
• Pensions, 401k and other retirement benefits
• Businesses

Identifying the Assets

In many marriages, one spouse has little knowledge of the assets and their value. Through a process called discovery, I can help my clients become familiar with the income, assets, debt, and liabilities of the marriage. Documents such as tax returns, bank account statements, loan applications, and business records can be examined through the discovery process.

An Amicable Decision

It is possible to reach an amicable resolution regarding property division. I help clients through mediation and collaborative law. This is a truly empowering approach that allows people to decide their own futures, rather than having their futures decided in trial by a judge. I help clients come to an agreement with their divorcing spouse regarding a division of property that will best meet their post-divorce needs.

Contact my firm to arrange a consultation with an experienced property division attorney.