Protect Your Most Important Assets During A Divorce

One of the most contentious parts of every divorce is often asset and property division. The division of assets can be particularly worrisome when you have contributed heavily to the acquisition of those assets, as you may fear losing them to the other party.

At Shelander Law Offices in Beaumont, we understand what is at stake during the divorce process. When you come to an agreement outside of court, you have more control over who receives what property. Texas courts, however, have specific rules about how they allocate assets — and our lawyers are committed to upholding your interests to ensure you receive what you deserve.

What Is "Community Property?"

Community property is any property acquired during the marriage. When you or your spouse acquires an asset while you are married, it is considered shared property under Texas law, and is included in the asset division process during your divorce. There are few exemptions to this rule — including inheritance, gifts and most personal injury settlements. Note that any asset you attained prior to the marriage is also excluded from this process.

How Are Assets And Property Divided In Texas?

Texas divides assets based on what is equitable — or what it considers "just and right." This is not necessarily a 50-50 split, although it could be. Judges consider factors such as fault in the divorce, the earning potential of each spouse, the custody arrangement, spousal maintenance and how much each spouse contributed to the assets in question. Some of the most important assets that could be split include:

  • Real estate: A full valuation of all real property is necessary to determine who gets to keep what property.
  • Retirement accounts: While many times each spouse will simply receive their own retirement accounts, these assets could be divided in a way that would cause you to lose some of your savings.
  • Business ownership: Whether full business ownership is awarded to one spouse or the stake is sold and the value is split between spouses, business ownership is a major component of many divorces. How much each spouse contributed to the business formation and operations may be a significant factor in how much each receives in the divorce.

Our Attorneys Are Here To Guide You

Our goal is to advocate for your right to keep your hard-earned assets. This includes proving that you contributed in a major way to the acquisition of these assets, have a deficit in earning potential compared to your spouse or rely heavily on these assets to maintain your current standard of living.

During the divorce process, few law firms are as qualified to represent you during asset division as Shelander Law Offices. Explore your options — we offer free initial phone consultations and flexible payment options. Call 409-234-1479 or reach out online to get started.