Houston Property Division Lawyer
At The Mora Law Firm, we understand that property division can be one of the most contentious and emotionally draining aspects of a divorce. You most likely have many questions regarding how your property will be divided and how the process will work. We are here to help.
How Is Property Divided in Texas?
In Texas, property is divided according to either the equitable distribution or community property rules. While equitable distribution is the more common method of property division, community property is used in cases where the marriage lasted 10 years or more and the couple has a child together.
Under the equitable distribution rule, property is divided according to the court's "equitable" or fair judgment. The court will generally follow a set of rules to determine how property will be divided. The most important rule is that the court will look to the source of the property, which means that the court will try to make the division as close as possible to the way the property was acquired.
Under the community property rule, the court will divide property according to the source of the property and will not look to the way the property was acquired. This means that the court will generally divide property 50/50, regardless of who earned the income to purchase the property.
What Is Included in Property Division?
The division of property in Texas includes all property acquired during the marriage, which can include:
- Real estate
- Personal property
- Retirement funds
- Insurance benefits
How Long Does a Property Division Case Take?
As with all divorce cases, the time it takes to finalize a property division case will vary based on the facts of the case. However, it is generally a more complicated process than division of marital debt, and thus will generally take longer to finalize.
Contact The Mora Law Firm for a Property Division Lawyer in Houston
Whether you are planning to file for divorce or have already done so, it is important to plan for property division. It is easy to get caught up in the emotion of a divorce and forget to plan for property division. This can lead to disagreements and conflict down the road, especially if you do not plan ahead and do not have a plan in place.
At The Mora Law Firm, we understand how important property division is to you, and we are here to help you protect your best interests. We will work with you to determine the value of your assets and property, and will work with you to develop a plan for the division of property that best suits your needs.
For more information about how property division works in Texas, or to schedule an initial consultation with a Houston property division lawyer, contact The Mora Law Firm today.
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