Contact Our Trusted East Texas Divorce Lawyer
When you find yourself in the middle of a divorce, there are likely a number of different concerns on your mind. Financial issues and matters relating to your property can be very stressful, especially if you are unwilling to let go of certain assets. With the help of a East Texas equitable distribution attorney you may be able to navigate this matter more easily. At The Law Offices of Milissa C. Barrick, P.C., we are highly experienced in the field of property division.
How Are Assets & Liabilities Divided in Divorce?
The division of your property is an important and complex part of your divorce proceedings. There are many factors which are taken into account, such as the length of your marriage, the contribution each spouse had to the marriage, and how much debt or assets are involved.
In Texas, the court divides the parties' marital assets and liabilities based on what the court sees as fair, a concept known as "equitable distribution". Our firm is prepared to handle all of the complexities involved with the equitable distribution in your divorce.
Marital Property vs. Non-Marital Property in Texas
Marital property: Anything which was acquired by your or your spouse during the marriage, including physical property, financial assets, and debts.
Separate property: Anything which was owned by you or your spouse before the marriage, or anything which was acquired by you or your spouse during the marriage as a gift or inheritance.
Call us at (903) 533-0008 today to learn more about how we can help!
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