Resourceful Houston Divorce Lawyer
Whether your divorce involves millions in assets or more debt than property, your immediate and long-term financial future may be at stake in your divorce. Our Houston family law practice, led by family law attorney Holli M. Palmer, is an excellent resource for understanding all your rights when it comes to property division pursuant to a divorce in Texas.
We will assess your marital and separate assets thoroughly and defend your rights aggressively in settlement negotiations, mediation or at trial if necessary. To begin the process with your initial consultation, contact our law offices today.
In legal terms, Texas is a community property state - this includes assets as well as debt. Simply stated, this means both spouses share equally in all property and assets accumulated during the marriage — including 401(k) plans, IRAs and pensions. This does not necessarily mean that property or debt is exactly split 50/50, though, but that the judge will make sure that each spouse gets an equitable distribution of the assets. Property and assets you brought into the marriage, or those you received as a gift or through inheritance during the marriage, may be treated as separate property, exempt from division in your settlement. As a Houston law firm that handles only family law-related cases, we are equipped to help you understand what is involved in your property and debt division during a divorce.
Defending Your Financial Future With Legal Knowledge and Determination
In reality, many nuances and disputes can make arriving at mutually acceptable marital asset division much more complex than that definition suggests. Through extensive experience in handling divorces throughout Texas, for people with multimillion-dollar estates as well as those with modest assets, we have become adept at dealing with issues including:
- Distinguishing separate property from community property
- Division of complex assets, including 401(k) plans, pensions and other investment accounts
- Valuation of family businesses, professional practices and other business ownership interests
- Division of debt - many people do not realize that debt accumulated during your marriage is also community
- Negotiating and litigating favorable outcomes in cases where misconduct in the marriage — such as adultery by one spouse — allows for deviations from equal property division
In addition to our in-house knowledge and resources, we have connections to top-notch resources including CPAs, tax specialists, forensic accountants and specialists in computer forensics. Consequently, we are well-equipped to build your case for just and fair marital asset division — even if this outcome hinges on proving your divorcing spouse has hidden assets, squandered assets or amassed substantial debt without your knowledge.
You can ask family law attorney Holli M. Palmer the key questions about all aspects of your pending divorce and property division settlement. Her experience also enables Holli to pursue angles you may not have considered. We encourage you to call us at 281-377-1107, or toll free at 877-434-9079 or send e-mail today to request your initial consultation.
