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Dividing Your Marital Property In A Divorce

A divorce can be an emotionally fraught time. By dissolving your marriage, you are effectively changing the course of your life, and a lot of change can happen in a short period of time. With all of the issues that can surround a divorce, pragmatic matters such as property division sometimes receive insufficient attention.

An experienced divorce attorney can help. At The Veenstra Law Firm P.L.L.C., I work with divorcing clients in League City, Galveston and beyond as they seek to protect their best interests during the property division process. I understand that these can be contentious matters, and I always look to locate the most optimal path available for its clients.

Several Factors Can Impact Your Property Division

State laws can vary greatly when it comes to dividing marital property. For its part, Texas is a “community property” state, which means that most property a couple accumulates during a marriage will be divided in a divorce. This does not mean, however, that an even split is guaranteed. A judge may weigh several factors when deciding how to divide assets between you and your spouse, including, for instance:

  • The circumstances of your divorceIf one spouse can be assigned fault for causing the divorce, it may impact how your property is divided.
  • The earning capacities for both parties — Should your spouse have a diminished earning capacity due to your marriage, they could be in line for a greater share of your marital assets.
  • The health of both you and your spouse — Physical health conditions, as well as the medical costs that they elicit, may be considered by the court.
  • Possession and access matters — If one parent obtains primary physical custody of their children, that could skew the division of property.

Other factors related to assets owned by individual spouses are also considered. The court reviews how and when assets were acquired to determine whether they will be considered marital assets to be divided.

Experience With Complex Assets And High Net Worth Divorces

Issues surrounding property division are rarely simple. I have extensive experience in family law, and routinely work with high net worth individuals and business owners throughout Galveston County. My firm can also provide you with effective assistance in dividing complicated assets like professional practices, real estate and retirement accounts.

Contact The Veenstra Law Firm P.L.L.C. Today

If you are considering divorce or have already filed, I can guide you through the process while protecting your best interests. To schedule a consultation, call 832-779-8529 or fill out the online contact form.