What Happens to Shared Property During a Divorce
Have a family law concern or need representation? Reach out to Raul Sandoval, Jr. and his team, Austin's trusted experts in divorce, prenuptial agreements, child custody, and family law.
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Navigating a divorce can be a challenge—even when the divorce is amicable and both parties are in agreement about the terms. When couples divorce there are understandably many questions about the division of assets and property, such as “Who will get the house?” and “What happens to the retirement accounts?”. The longer a couple has been married and the more assets they have, the more complicated the answers to these questions will be.
Because Texas is a community property state, any property that an individual acquires during their marriage, including real estate and vehicles, is automatically considered marital property to be split equally with their spouse in a divorce. Joint debt is also the responsibility of both parties However, there are some assets that can be considered separate property—such as property that one spouse owned before the marriage.
An experienced attorney can help you understand the differences between marital and separate property and can advise you as to the best options for your house, property and retirement accounts during and following the divorce.
Too often we have seen separating couples spend more time and money fighting over assets than the assets are worth. At Sandoval Law Firm, we strive to keep negotiations peaceful and ensure a fair and equitable division of property. Before filing for divorce, we recommend you consult with an attorney. Contact us today to discuss your options.
At Sandoval Law Firm we understand the stress of dealing with divorce, child custody and domestic violence. Our firm consists of founding attorney Raul Sandoval Jr. and a dedicated support staff. Mr. Sandoval earned his law degree from Texas Tech University School of Law. Since that time, he has been practicing family law in the Austin area, as well as teaching seminars, classes and other forms of professional development.