Property Division Attorneys in Texas
Texas Asset Division Lawyers Serving Denton, Collin, and Tarrant 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. We offer financing to help with retainer fees. Click here to see your options. 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
- 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:
- Stock options
- Retirement plans
- 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:
- 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, and Tarrant County property division lawyer! Video consultations available.
Duane Coker Attorney & Founding Shareholder
Kelly K.E. Robb Attorney & Shareholder
Jacqueline Cannon Attorney & Shareholder
Shelby Hart Attorney
Malorie Crosley Attorney
Lauren Cardamone Attorney
C. Ashley Covert Attorney
Anthony Pax Attorney
Chastity McNair Attorney
Romi Schwartz Attorney
Shmyla Alam Attorney
Financing Options Are Available to Help You Get Started
Deeply Committed to Listening & Helping You
110+ Years of Combined Legal Experience
Voted Best Family Law Firm & Law Firm in the Best of Denton County
"The team there has always been exceptional and Duane’s advice spot on."Mary
"Truly one of the most professional & knowledgeable attorneys I have had the pleasure of working with."Jay Marks
"Kelly and her associates handled my child support case with the utmost professionalism, honesty and respect. Kelly always kept me informed on what was going on with my case and what to expect. In ..."Karen
"Coker, Robb & Cannon, Family Lawyers helped us with our first Will document 15 years ago and helped us to update it recently. We were leaving the country and needed the documents done quickly. They ..."Laura
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