Fort Worth Property Division Attorneys
As part of the normal process of divorce, absent an agreement of the parties, the Judge will have to find a way to divide your estate, including all assets and debts that were held in the marriage. While you will be able to keep your separate property, which is basically property owned by you before the marriage, together with any gifts and inheritances you acquired during the marriage. The rest of your marital estate, absent an agreement between the parties, is subject to a just and right division between to parties.
At The Maynard Law Firm, PLLC, our Fort Worth property division lawyers understand just how much will depend on the outcome of this process, and we can help you pursue any course of legal action that will be necessary to protect your interests. That being said, our attorneys can advocate on your behalf in working towards a voluntary agreement just as effectively as we can in the courtroom, should you decide to take that route.
Division of Assets
Any property that was acquired during the course of your marriage—including your home, cars, income, spouse’s income, stocks, retirement plans, and anything else with monetary value—is considered to be what is known as community property. Any asset that falls under this category will need to be fairly divided between you and your partner. While you will have more control over this process if it is voluntary, it may be necessary to argue your case in court.
Division of Debts
In the same way you and your partner must divide your assets, you will also need to divide all of your shared debt, including things like mortgages, car loans, credit card debt, and any other debt that was acquired during the course of the marriage. Generally speaking, any shared debt may be subtracted from the community assets to calculate your net community estate, which may be used as a guidepost during this process of dividing the property you and your partner hold.
Consult with a Property Division Attorney in the Fort Worth Metroplex
If you want to learn more about what you can do to protect your interests as you work through your divorce, you should reach out to a Fort Worth property division attorney at The Maynard Law Firm, PLLC. To speak with us about what strategy may be best suited to your particular circumstances, please call (817) 335-9600 to schedule a free initial consultation or contact their office at firstname.lastname@example.org.