There is so much to worry about while going through a divorce. Whether you are the one filing for divorce or whether it is a mutual decision, this is a very life-changing and impactful event. Sometimes the divorce process can be very challenging, time consuming and filled with disputes. When divorcing spouses in Texas and elsewhere do not see eye-to-eye on certain things, this means taking additional time to sort through issues and reach a resolution.
Property division can be a highly contested divorce issue, sometimes causing spouses grief and keeping the process at a standstill. It might be challenging to part ways with certain items, and it may not be clear who is entitled to what. Spouses must sort through these issues, all while ensuring their respective and rights are protected.
At the Law Office of Michael D. Tracton, P.C., our skilled legal team has years of experience helping divorcing spouses address and resolve property division issues. The standard used in the state of Texas when it comes to property division is equitable distribution, meaning that assets obtained while the couple was married are considered to be community property, and will be divided equitably. However, there are times when an asset (or debt) will be deemed to belong to one spouse specifically.
When sorting through property division issues, our law firm takes the time to understand the needs of our clients. With the help of financial experts, we make sure that finances are diligently looked at. Thus, if assets are hidden or improperly titled, we ensure that they are properly handled and distributed.
To learn more, check out the following property division website. Because divorce is a difficult time, it can be hard to sort through the marital assets and property. A spouse may not know what they are entitled to and what they can walk away with the marriage with. Thus, taking the time to understand your rights during the divorce process helps ensure you will receive a fair divorce agreement.