Houston Property Division Divorce Attorney
Texas Division of Assets and Debts Lawyer
Whether your portfolio reveals considerable assets or your bills display significant debt, a divorce requires you to work with your spouse to agree on an equitable, just and right division of community property. This may mean that you are subject to assume more responsibility for financial obligations than you anticipated, or it may mean that you are set to gain more resources.
In divorce and property division, it is essential to work with an attorney experienced in the division of assets and debts. At the Law Offices of Barbara Lynch Schnack, P.C., we work with men and women possessing multimillion dollar estates as well as with those of more modest means. Contact our Houston family law firm to discuss your case. To learn more about our firm, please view our video.
Determining and Dividing Marital Property
Texas is a community property state, so husbands and wives both share equally in all property accumulated during marriage. In cases where there was misconduct in the marriage, such as an affair, the judge may grant a deviation from equal property division.
To best protect your rights and interests in divorce and property division, lead attorney Barbara Lynch Schnack works to obtain a consensus in property division through mediation, collaboration or settlement negotiations. When these fail to result in an appropriate outcome, she aggressively works on behalf of her clients in the courtroom to achieve an equitable division of goods.
Equitable Distribution Does Not Mean Equal
An equitable distribution of property does not predetermine that everything is split exactly in half during divorce. Rather, a judge will determine an equitable division that provides each spouse with a just and fair distribution of assets and debts, including:
- Pensions, IRAs, 401ks
- Stock options and investments
- Employee benefit plans
- Bank accounts
- Business ownership interests
- Real estate and mortgages
- Credit card balances and other loans
Believing that our clients deserve a settlement that respects their best interests, our firm works with husbands or wives to assess marital and personal assets and debts. If needed, we can work in tandem with professionals and specialists in taxes, forensic accounting and valuation for businesses, antiques and other unique assets.
Contact the Law Offices of Barbara Lynch Schnack, P.C.
To discuss your divorce and property division, contact our Houston offices to arrange an initial consultation. We look forward to working with you and to representing your interests.