It’s important to understand that you cannot casually assume that all the property will divided equally between you and your spouse. We will split everything fifty fifty
While it is true that property must be divided, not all property will necessarily be divided equally among you and your spouse.
First of all, you may not have a right to all property. If you or your spouse owned property previous to your marriage, you or your spouse may be able to have that property characterized as separate property that may not be subject to division. However, this also depends upon how the property was handled during the course of your marriage.
Assets may also be divided on an unequal basis when a separation agreement specifically states otherwise.
Whether or not you have rights to specific assets is something our attorneys can help you determine during a consultation.
To prepare for a consultation regarding your marital assets, it will be helpful to compile a list of the following:
Bank accounts and balances Investment accounts and balances Retirement accounts and balances All real estate owned with each parcel’s estimated value Businesses owned with their estimated value and holdings Personal property including furniture, antiques, art, guns, china, glassware, jewelry, etc. All debts owed by either party
To schedule a consultation, call us today at (713) 974-1151 or visit me on the web at busby-lee.com
ABOUT THE AUTHOR
Michael Busby Jr. is a Divorce, Family Law, & Houston Divorce Lawyer, who practices in Harris County Texas and the counties that surround Harris County, Texas. He has been in practice for over 14 years and has tried over 300 cases. He is familiar with the policy and procedures of the Harris County Texas Divorce Courts. Our office is open until 8:30 p.m. on Wednesdays and Saturday from 9 a.m. to 1 p.m. for working folks.
Michael Busby Jr.
2909 Hillcroft Suite 350
Houston, Texas 77057
Visit me on the web at www.busby-lee.com