In the State of Texas, the general rule is that assets acquired during marriage are community property, that is, property owned by both husband and wife, and are subject to division between couples in a fair and equitable manner. It does not matter in whose name the property is titled or who acquired it. This includes the accumulation of retirement benefits of one of the parties. It is crucial to have a fair and equitable division of the marital estate for all parties to understand this aspect of Texas family law.
Failure to properly identify marital assets can result in unfair outcomes that adversely affect the financial future for each party. A skilled attorney can provide the expertise needed to properly conduct discovery and investigation.
For more than 30 years, we at Fabio & Merrill have been working with clients to divide the assets accumulated during marriage and are prepared to handle just about any type of case.
We are experienced and thorough at conducting investigations into complex financial situations. We have a network of forensic accountants, appraisers and other financial experts whom we call to ensure that all assets are properly valued so that we are able to fully investigate and understand all aspects involved in these cases. Once we have correctly valued all assets we can work to consider all options for equitable property distribution.
We are experienced in handling the evaluation of:
- Businesses
- Pensions
- Retirement accounts
- IRAs
- Stocks
- Professional practices
Each of these assets has unique variables and legal nuances that need to be handled carefully. We are ready to take on the most complex of cases.
To discuss any aspect of Texas asset division with our Houston asset division lawyer, call 713-581-9021 or e-mail us.
