What Will Happen To My Property During My Divorce Process?
After you have decided to file divorce, you may be wondering what will happen to your property. Texas is a community property state, which means that your property and debts may be split 50-50 with your ex-spouse. However, a 50-50 split is determined at the judge’s discretion based upon various factors. You should consult a lawyer for a comprehensive review of your case.
Our attorney at the , is an experienced litigator who will provide you with honest advice before representing you. We know that no property division case is the same, and we offer customized solutions for your legal needs.
How Your Property May Be Divided In Texas
When you and your ex-spouse divorce, this means splitting all property, assets and debts. How the division occurs is up to you and your ex-spouse. After a review of what you own and what you owe, you and your ex-spouse can determine line by line how to divide your property. Your lawyers can present your decision for approval by a judge.
If you and your ex-spouse are unable to come to an agreement in mediation, the court will determine how everything will be split among you. To determine how property, assets and debt will be divided, the judge will factor in:
- Level of education
- Age
- If you have children
- Employment
- Length of marriage
- Fault
When you consult a lawyer, they can help you determine how to protect the things that matter most to you.
Schedule Your Consultation With Our Asset Protection Lawyer Today
Contact our office in Royse City by calling 972-200-1229 or by filling out this online contact form.