I would like to say thank you for the job you did for me with the divorce. I thought you did a great job and that you were extremely professional. - C.H.
Dallas Divorce Lawyer
Helping Clients Navigate Texas Asset Division and Community Property Laws
When a marriage is dissolved in Texas, the courts must divide the spouses' community and quasi-community property in a just and right manner and confirm the spouses' separate property. To make sure your property settlement is based on accurate information that truly reflects your situation, it is important to have an experienced Dallas divorce lawyer on your side.
At O'Neil & Attorneys in Dallas, we work closely with men and women who are going through divorce, making sure that they receive their fair share of property and assets. We provide our clients with the compassion and personal attention they need during a difficult time while relentlessly pursuing their rights.
To speak to a Dallas divorce lawyer about your property rights in a divorce, call our firm at 972-499-4558 or toll free at 866-959-4330.
Identifying Community Property
There is a presumption that every piece of property possessed by either spouse during the course of their marriage is community property. However, there are a number of notable exceptions, including:
- Property owned or claimed by a spouse before marriage
- Property acquired during the marriage by gift or inheritance
- Property acquired via the recovery for personal injuries sustained during the marriage, with the exception of any recovery for lost wages resulting from the injury
In identifying community property during a divorce, complications can arise as a result of property that was not community property becoming community property as a result of actions taken during the marriage. For instance, if a spouse refinances a house during the marriage and both names are placed on the new loan, the house is not considered to be community property.
For a nuts and bolts guide to asset division, visit our asset division page.
Properly Valuating Assets Is the Key to Your Success
Having a Dallas divorce lawyer with the experience, knowledge and resources to properly identify community and non-community property could result in a difference of hundreds, thousands or even millions of dollars depending on the size of your marital estate. Our firm works with experts in a number of fields to valuate assets such as businesses and homes in order to maximize the value for our clients.
Our founding attorney Ms. O'Neil has developed an iPhone app for property division available through divorceapps.com. For more information on your property rights or to speak to an attorney, contact us today.