Protecting Your Property During Your Divorce
At the law firm of Palmer & Manuel, our attorneys have spent decades protecting the rights and property of people in Dallas and throughout Texas.
The Difference Between Community Property and Separate Property
In Texas, there are two types of property: community property and separate property.
- Community property: All property, other than separate property, acquired by either spouse during marriage, regardless of who has actual possession of the property. Just because there is only one name on a title, deed or other document does not necessarily mean it is separate property. Community property is to be divided fairly, although not necessarily equally.
- Separate property: Property owned prior to marriage, property acquired at any time by gift or inheritance, recoveries for personal injuries sustained by a spouse during marriage (except for loss of earnings), and property exchanged for any of the above items. The owner has the right to retain this property during the divorce; it cannot be divided by the court.
Our lawyers are dedicated to making certain that each asset is recognized as the correct type of property in order to achieve a fair division of assets.
Additionally, we take great care in addressing debts, as well as identifying tax issues that arise during this phase of the divorce.
Handling Complex Property Division
When considerable wealth, business interests, large investment accounts or other financial interests are involved, it is particularly important to have an experienced attorney on your side. Our law firm is dedicated to protecting your interests and minimizing the risks that occur within the property division aspect of your divorce.
Our experience can be used in cases involving property such as:
- Closely-held businesses and family-owned businesses
- Significant stock options
- IRA's, 401K plans, pensions or other retirement funds
- Investment accounts
- Real estate holdings
- Collections of art, antiques, cars or other valuable items
Our attorneys work with CPA's, tax accountants and attorneys, financial analysts, appraisers and other specialists to provide innovative solutions to complex property division. When appropriate, we can obtain business evaluations and property valuations to determine the current fair market value of each asset. We assess your objectives for maintaining, dividing, or dissolving business assets. We work with a team of professionals to obtain a resolution which achieves those objectives.
Learn More About Our Commitment to Providing Property Division Solutions
Call us at 214-242-6444 or contact us online.
We offer convenient office hours, flexible appointment times and reasonable fees. Visa, MasterCard, and Discover are accepted.
