At the time of divorce, property and assets must be divided. Texas is a community property state, which means that most property acquired during marriage belongs to both spouses and must be divided at divorce. In contrast, each spouse gets to keep his or her separate property when the marriage ends. This includes physical property, pension plans, retirement, businesses, etc.
We will help you decide what assets you wish to obtain
and we will fight for them. We will evaluate the value
of the assets and help to divide the community property
equally, with both parties in agreement. This can take
place through mediation or other options. At Raiford
Law Firm we will find the most approprioate forum
and defend you as the divison of assets takes place.
Here are some examples of how and why certain assets
A computer your spouse inherited during marriage Your spouse's separate property Property inherited by one spouse alone is seperate
A car you owned before marriage Your separate property Property owned by one spouse before marriage is
A boat, owned and registered in your name, which you Community property It was bought with community property income (income earned during the marriage) bought during your marriage with your income
A family home, which the deed states that you and your Community property It was bought with community property income
wife own as "husband and wife" and which was bought (income earned during the marriage) and is owned as
with your marital earnings "husband and wife"
A camera you received as a gift Your separate property Gifts made to one spouse are that spouse's separate
A checking account owned by you and your spouse, Community property (probably) The $5,000 (which was your separate property) has
into which you put a $5,000 inheritance 20 years ago become so mixed with community property funds
that it has become community property (but you may
be able to prove the $5000 is your separate property
with property documentation and evidence)