Fort Worth Property Division Attorney

Dividing Property After Divorce in Tarrant County

When you decide to get a divorce, you will be ending a legal relationship with your spouse. This may ultimately be the best choice for you and your family, but it will require you to make a number of decisions about how to close this chapter in your life. Separating your life from your spouse may not be easy, especially after you have combined your finances, shared a home together, purchased multiple types of property, and earned or accumulated other assets. Taking care to address issues related to your money and your property correctly is important, since it will ensure that you will have the resources you need and deserve as you establish a new life following your divorce.

Hatton & Hatton, PLLC knows how difficult it can be to end a relationship that you thought was going to last forever. Whether you believe that turning your back on this period of your life is what is best for you and are just looking to move on and put the past in the past, or you want to fight for what you believe should be yours, we will take a compassionate approach and make sure to put your needs and desires first. We advise you of your rights so that you do not get taken advantage of, and we will focus on meeting your needs and helping you achieve results that will allow you to move forward successfully.

What Happens to Our Property During Divorce?

Texas is a community property state. Some people interpret this to mean that all of a married couple's property and assets should be divided equally when they get divorced. However, what the law actually states is that all assets and debts acquired by a couple during the marriage are presumed to be community property and should be divided in a just and right manner. This means that, under most situations, both spouses have an equal stake in their assets and debts, even if one party earned most of the family's income or one spouse was responsible for purchasing certain items. The work provided by spouses in the home, their commitment to the relationship, and their family responsibilities are just as important as their income-earning power, so neither party can claim that they are entitled to a greater share of marital property because of the contributions they made to the marriage.

The Texas Family Code mandates an equitable division of community property, but that does not always mean assets and debts are split 50-50. The decisions made about how property will be divided will depend on a variety of factors, including the needs of the spouses, their ability to earn enough to acquire additional property in the future, how child custody will be handled going forward, any disabilities or medical issues that may affect either party, or other concerns that may have an impact on the parties' finances and ability to support themselves.

As you proceed with the process of dividing your marital assets, it is important that you have an experienced lawyer who understands the laws that may affect the property division process and who can help you protect your rights and interests. Our lawyers can help you address multiple types of property, including:

• Furniture, appliances, household decorations, and other physical belongings
• Your marital home or other real estate property
• Retirement accounts or pension benefits
• Vehicles
• Family-owned businesses or other investments
• Debts, including credit cards, mortgages, or auto loans

Contact Our Fort Worth Asset Division Lawyers

Our firm has the experience to help divide all types of martial estates including in high asset divorce situations. With our ability to review asset division from a business perspective, you can be confident that we can help you determine the ideal approach to your divorce. When necessary, we team up with financial advisors and tax professionals to understand all aspects of your assets and the benefits and drawbacks of maintaining ownership of different types of property. We will guide you toward decisions that will protect your interests going forward, and we will help you find solutions that will work for you. To learn more about how we can help you resolve disputes related to the division of community property while also assisting with other aspects of your divorce, contact us at 817-349-8120 and arrange a free consultation today.