The divorce process requires spouses to consider a wide variety of factors. Many of these decisions are overwhelming; however, they are necessary to complete the process and to avoid post-divorce issues. One of the most contentious divorce issues is property division. Because it is tough to part with certain assets and property, divorcing spouses often find themselves in a battle over who gets what in the termination.
While a prenuptial or postnuptial agreement is likely to detail what is considered separate property and what is marital property, these legal documents are not always included in a marriage. Thus, many divorcing couples are left to their own devices when it comes to proceeding through this phase of a divorce. At the Law Office of Michael D. Tracton, P.C., we understand that divorce is an emotional and difficult time; thus, we are dedicated to serving those in the Sugar Land area, helping them navigate the ups and downs in this process.
Texas is a community property state. This means that all the assets, debts, property and investments acquired during marriage are consisted to be marital property. This property will then be divided in a fair and equitable way between the spouses, which is typically done in a 50-50 manner. Our lawyers understand this is a difficult circumstance to wrap your head around; however, we are well versed in the pertinent laws, which has allowed us to help our clients assert that certain properties or debts only belong to one spouse.
To learn more, check out our law firm’s property division website. Reaching a final divorce decree does not have to be a long and drawn out process; however, our law firm understands that disputes surrounding property division can result in lengthy battles and challenges causing the process to take much longer. Therefore, we are prepared to help out clients, through negotiation, mediation, collaboration and litigation, to resolve these divorce issues.