Dividing Property: What Am I Entitled To?
Dividing marital property and determining debt allocation in Texas can be complicated. Texas is a community property state, which means that property or assets that are acquired during the course of the marriage is presumed to be the property of both spouses. Certain assets that are considered separate can include real property and assets accumulated before the marriage, and that acquired by inheritance and gift. Community property includes things such as:
- Family businesses
- Home and vehicles
- 401(k), savings, and retirement accounts
- Real property
- Investments (including stocks and bonds)
It is important to work with an experienced attorney who understands how to conduct a thorough valuation of all your assets and debts and understands how to divide property in a fair and equal manner. I willl advocate on your behalf and make certain that the proper information is presented to the courts. At the Law Offices of Allan R. Manka, P.C., we have the experience, knowledge and the tools necessary to help you through the difficulties associated with divorce. Let us be your advocate.