Austin Divorce Lawyer

Assisting Clients with Division of Assets During Divorce

Over the course of a marriage a couple accumulates any number of assets and property. Considering that most couples do not see divorce immediately on the horizon, these assets fall under the category of belonging to both parties equally. These shared assets, whether they are a house, a vehicle, or anything else obtained during the course of a marriage, are labeled community or marital assets. Because Texas is a community property state, state law dictates that regardless of who earns the actual income to pay for such things as a house or car, these assets are nonetheless the equal property of both spouses.

The basis of the laws surrounding community property stem from the understanding that the state of Texas recognizes that both spouses contribute to the marriage equally, therefore community property assets should be divided equally should the marriage fail. The division of community property assets can be a 50/50 split of the sale of an asset or, in the case of a house for example, one spouse lets the other spouse keep the asset in exchange for a 50% reimbursement of the asset's current market value. If you are going through a divorce and need to divide assets contact an Austin divorce attorney for knowledgeable assistance.

Asset Division Attorney in Austin

The asset division attorneys of Zinda & Davis PLLC have proven, time-tested experience assisting spouses in the division of assets. Our divorce attorneys can work with you through every step of the asset division process to help ensure that assets get divided fairly and equitably. Before you talk to one of our attorneys, we highly recommend you gather as much information as possible about the current value, purchase price, date of purchase and any other relevant information about any community property assets. You have every right to half of what you helped accumulate over the years; our attorneys can help ensure you get what's rightfully yours.

Contact an Austin asset division attorney without delay.