Division of Property in Southlake
With divorce, shared property can become a battleground
There are often disputes about the value of assets, whether monetary or perceived character value. During this time, finding a competent legal team to advocate for your needs and ensure that you are taken care of while your assets are divided is important. Wood | Sanchez Law’s Southlake team is here for you.
Dividing assets during a divorce contains many complexities. The biggest challenge lies in ensuring you and your property are protected. This requires working with a legal team that knows how to advocate for your best interests. Without legal counsel, there is a good chance that you will lose property that is rightfully yours.
Property division is also difficult because of the different types of assets that must be divided. Each property type has unique considerations that can make finding an equitable distribution overwhelming. Your Southlake divorce attorney will be able to guide you through the difficult, confusing process of property division.
Types of Property
There are four ways that property is characterized during an equitable division of assets. Knowing how Texas classifies property during a divorce helps determine the right course of action for you and your legal counsel.
- Community Property: This is joint property that spouses own together. In Texas, this includes all marital assets either spouse has acquired over the lifetime of the marriage.
- Separate Property: Separate property is owned by an individual spouse.
- Comingling of Property: Comingling happens when separate and community property become intertwined.
- Conversion of Property: Property is converted when separate property becomes community property during a divorce.
How Our Team Can Help
The Wood | Sanchez Law team is experienced in property division and ready to help ensure that you are taken care of. An experienced attorney should be your biggest ally for all types of property division issues. At our firm, we understand that our job is to be your biggest advocate and fight for you to receive your fair share.
Our team can also help you protect your separate properties. The line between shared and separate property often becomes blurred during a divorce. Your attorney should advocate for you and ensure the boundary remains clear.
If you need legal counsel in Southlake, TX, who will ensure that your needs are respected during your divorce, speak to a team member at Wood | Sanchez Law. We have over 40 years of experience working with clients to find appropriate property division solutions. Contact us today to discuss how we can help you be heard during your divorce.