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Round Rock Property Division Attorney
Compassionate, Tenacious Advocacy for Your Property Division Concerns
Whether you are facing a divorce or are in a common-law marriage that is coming to an end, you may be concerned about how property will be divided. You may be particularly concerned about the impact of a divorce on your financial situation, especially if you are facing an expensive divorce or are worried about losing your job because of the time and effort it will take to get divorced.
At Pennington Law, we understand that property division matters can be stressful and difficult. We are committed to using our experience and knowledge to help you get through the process as smoothly as possible.
Contact (512) 877-4384 or contact us online to speak with a Round Rock property division lawyer about your concerns.
How Is Property Divided in Texas?
Property division is one of the most complicated parts of a divorce. Texas is a "community property" state, which means that all property acquired by either spouse during the marriage is considered marital property. This includes property brought into the marriage by one spouse and property that was earned during the marriage by the other spouse.
In Texas, all marital property is divided equally unless there is a good reason not to. Marital property includes all property acquired by either spouse during the marriage, including:
- Real property (e.g., a house)
- Personal property (e.g., furniture, cars, bank accounts, investments, stocks, bonds, etc.)
- Intellectual property (e.g., patents, copyrights, trademarks, etc.)
- Debt (e.g., credit card debt)
- Income (e.g., wages, salary, bonuses, commissions, etc.)
The Community Property Division Process
The Texas community property division process is set up to ensure that the marital property is divided fairly and equitably between the spouses. In most cases, the spouses will be required to provide a detailed accounting of their property to the court. This process can be complicated and time-consuming, but it is important to provide as much information as possible to ensure that property is divided fairly.
In some cases, the court may order an asset reallocation if the property division process reveals that one spouse did not disclose all of their assets. This means that the other spouse would be entitled to an additional share of the property.
Contact Pennington Law Today
Whether you are facing a divorce or a common-law marriage that is coming to an end, you may be concerned about how property will be divided. You may be particularly concerned about the impact of a divorce on your financial situation, especially if you are facing an expensive divorce or are worried about losing your job because of the time and effort it will take to get divorced.
At Pennington Law, we understand that property division matters can be stressful and difficult. We are committed to using our experience and knowledge to help you get through the process as smoothly as possible.
Contact (512) 877-4384 or contact us online to speak with a Round Rock property division lawyer about your concerns.
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“I truly am impressed at not only how professional, knowledgeable, hardworking, and thorough the Tyler Pennington law firm was but also by how they made us feel that our case was a top priority.” - Cynthia V.
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“He focused on the case itself when dealing with the judge and other attorneys and did not play into the games. I felt very supported both personally and professionally.” - Gabrielle H.
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“Hired Jessica in a complicated family law case. She worked hard and fought for my rights as a dad and her and her staff were available then and still are now.” - S. L.
