Walking Through Property Division We have served families throughout Denton, Collin & Tarrant Counties since 1998.

Property Division Attorneys in Texas

Texas Asset Division Lawyers Serving Denton County & Collin County

At Coker, Robb & Cannon, Family Lawyers, our attorneys have the experience and knowledge necessary to guide you through each step of the divorce process, including the division of assets and property. This area of divorce proves to be one of the most complicated and time-consuming as it requires an ability to thoroughly investigate and analyze all property, organize its monetary value, and negotiate an arrangement that works for each party.

In such an emotionally-charged situation, it can be extremely difficult for both parties to cooperate and make rational decisions. This is where we come in. Our role as your advocate is to provide you with the practical legal guidance and counsel that you need to protect your interests. With more than 110 years of experience among our team, we understand what it takes to avoid a disproportionate award and attain a favorable resolution.

How Is Community Property Divided in Texas?

Texas is a community property state. All income and property acquired during the marriage is considered "community property" and belongs to each of the spouses equally. This income and property needs to be divided equitably upon a divorce.

Texas statutes grant the courts the right to divide community property in whatever way the believe to be fair. Judges will consider the needs, interests, and rights of both parents and any children involved to determine a fair and reasonable property division arrangement.

Community property in Texas could include:

  • Bank accounts
  • Debts
  • The marital home
  • Cars and other vehicles
  • Any co-owned real estate
  • Other assets and property acquired during the marriage

Additional assets that will be considered include:

  • Pensions
  • Stock options
  • Savings
  • Retirement plans
  • Bonuses
  • Insurance policies

When navigating the process of asset division, it is important that each party is open and honest about the property that they own. Any discovery of hidden assets may sway a judge’s opinion of you, which could negatively impact the ultimate decision. Furthermore, if assets are discovered after the divorce is finalized, you will likely find yourself back in court.

What Is Considered Separate Property?

In Texas, "separate property" is any property that was acquired or owned before the marriage and was kept separate throughout the marriage, as well as some types of property that were acquired during the marriage.

Separate property that can be obtained during a marriage and is not divisible in a Texas divorce include:

  • Gifts
  • Inheritances
  • Compensation from personal injury claims (unless it is intended to compensate for the loss of earning capacity)
  • Property gifted from one spouse to the other

Let Coker, Robb & Cannon, Family Lawyers Be Your Advocate—Call (940) 293-2313

Our team understands the difficult nature of property division and wants to help you protect your interests. When you meet with our attorneys during an initial consultation, you can voice your needs and concerns. Should you choose to retain our representation, you can trust that your needs will be exhaustively pursued.

We promptly return all calls and are ready to speak with you. Call us at (940) 293-2313 today to speak with a Denton & Collin County family lawyer! Video consultations available.

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