Austin Community Property Attorney

What is Community Property?

Community property is those assets or property you and your spouse obtained or accumulated throughout the course of your marriage together. Given this definition, community property is often and extensively referred to as marital property. Land holdings, houses, jointly held monetary savings, and vehicles are all examples of assets that may be considered community property. Even if you purchased the property with money you earned individually or if your spouse was the primary money earner in the marriage, under the tenants of marriage, both spouses contribute equally to the marriage; therefore any property acquired during the marriage is considered community property.

Just as community property belongs to both spouses and must be divided equitably, separate property belongs to only one spouse individually and must be separated from the community property. The commingling of funds in marriage can make the process complex in determining the division of assets in a divorce.

Separate property entails any property given specifically to a single spouse in the form of a gift, an inheritance, or if the property was obtained before the marriage. If you find yourself exploring the option of divorce, consult a knowledgeable Austin divorce attorney to start the process of untangling your separate assets from your joint community property and to divide your community property fairly between you and your former marriage partner.

Austin Divorce Lawyer Helping with Property Division

The community property attorneys of Zinda & Davis PLLC will work closely with you to assess the community property accumulated during your marriage and divide that property on a fair and equitable basis with your best interests in mind. It takes a skilled and experienced divorce attorney to properly divide community property in the event of a divorce. Our attorneys have extensive experience assessing and separating assets in divorce cases. We will uphold your right to a fair portion of the property you and your spouse accumulated throughout the course of your marriage.

Contact an Austin property division attorney with any questions about community property.