Supportive Texas Lawyer Advocates for Clients in Community Property Disputes
Compassionate Texas Law Firm Protects the Rights of Divorcing Spouses
Texas is a community property state, which means that divorcing couples are required to split the value of their marital property. At Wilson & Associates Law, P.C. in Flower Mound, I provide the legal guidance you need to protect your rights and secure a fair property settlement. With nearly seven years of experience I am a strong advocate Texas clients during negotiations and in court.
Knowledgeable counselor advises on questions regarding marital property
At Wilson & Associates Law, P.C. , I give clients comprehensive information concerning the division of assets and debts in a divorce. In this jurisdiction, community property is designed to encompass almost any type of asset that is accumulated by a married couple. Items that can be considered as property include:
- Houses, cars, boats, clothing, furniture
- Copyrights, patents, trademarks
- Bank accounts, stocks, life insurance that has cash value
However, there are items that are not considered property for the purposes of division following a divorce. These may include:
- Assets acquired before marriage: Community property law does not apply to inheritances and property acquired before the marriage and kept separate during the marriage — for example, funds from a trust that was left to you from your mother’s estate and that you kept in a separate bank account from your spouse or domestic partner throughout the entire duration of the marriage or partnership.
- Items covered by pre-nuptial agreements: Couples with pre-nuptial agreements can avoid community property law by setting forth their own terms in writing before marrying or entering into domestic partnership.
- Mixed community and separate property — commingling: It can be difficult to distinguish between community and separate property. The most common problem is with pension plans. If a pension plan or retirement account was started before the marriage and contributions continued to be made to it throughout the marriage or partnership, it can be difficult to divide. In this example, the contributions made before marriage might be considered separate property while those contributions made during the marriage are considered community property. My firm can advise you about how such gray areas are handled under Texas law.
At Wilson & Associates Law, P.C. , I deliver strong counsel when issues arise relating to valuation and how assets should be classified. My firm asserts clients’ rights no matter how complex or contentious the divorce might be.