Equitable Property Division
In the event of a divorce, one of your biggest worries may be about how the marital property will be divided. To properly divide property and assets acquired during the marriage, there are several areas to address. They include:
- Retirement accounts and pensions
- Property and assets acquired during the marriage
- Valuation of business holdings
Some Things Stay Separate
Even though Texas is a community property state, there are some classes of property that do not get divided in the divorce process. Here are some examples of what stays separate:
- Property that one member of the couple owned before marriage
- Property inherited by one spouse
- A gift to one spouse
- Family heirlooms
- Personal injury compensation, although lost wages will need splitting
Division Agreement Factors
There are factors for consideration when negotiating or litigating for optimal property division arrangements, including:
- Who has custody of the children
- A difference in earning power
- Employability and health of each spouse
Planning For The Future
Property division in divorce needs to take the future into account as well as the present. What will you need in retirement? Our firm makes sure to advocate for the optimal level of compensation from a former spouse’s share of retirement accounts and pension plans. We ensure that a qualified domestic relations order (QRDO) gets submitted to employers so that benefits will be properly dispersed when the time comes.
An Experienced Advocate
A native of The Woodwinds, attorney Catherine Palmore of The Palmore Law Firm, PLLC in Conroe is experienced in complex high-asset property division cases. She advocates for her clients’ best interests by taking a detailed account of all assets and planning a case strategy tailored to their unique situations.
Contact Us Today
If you have to divide your assets in the event of a divorce, call The Palmore Law Firm, PLLC at 281-367-0111 or contact us online. We can guide you through the entire divorce process from start to finish.