Securing a fair settlement during a divorce may feel complicated. Your McAllen divorce lawyers can help you prepare for the property division process. This can include:
- Negotiating ownership of shared items.
- Allocate property between both ex-spouses.
- Acting as your legal representation in court.
Read on to learn why a divorce lawyer is so necessary and how we can help.
Equitable Distribution in Texas
In Texas, the principle of equitable distribution is followed. Equitable distribution does not necessarily mean an equal 50-50 split; instead, it implies a fair division based on various factors. The court considers factors such as each spouse’s earning capacity, age, health, and contributions to the marriage when determining the division of assets.
Marital and Separate Property
To ensure a fair settlement, it is crucial to distinguish between marital property and separate property. Marital property includes assets acquired during the marriage.
While separate property consists of assets owned by each spouse before the marriage. However, there can be instances where separate property may be subject to division, such as if it was commingled with marital assets.
Divorce attorneys in McAllen, like our team, play a crucial role in accurately assessing the nature of the property. They have the expertise to help clients identify and document their separate property, ensuring it remains protected during the division process.
Our McAllen Divorce Lawyers
The Role of a Divorce Attorney in Securing a Fair Settlement
Here are some ways in which our McAllen divorce lawyers can assist you:
● Knowledge and Experience: We comprehensively understand Texas divorce laws and the complexities of property division. They stay updated on the latest legal developments and use their experience to provide the best possible guidance to their clients.
● Asset Valuation: Accurately valuing assets is critical to achieving a fair settlement. We work with financial experts who can assess the value of various assets, including real estate, investments, businesses, and retirement accounts.
● Negotiation and Mediation: A fair settlement can often be reached through negotiation or mediation rather than litigation. Our attorneys are skilled negotiators who skilled with handling a person’s stress.
● Litigation Support: We are prepared to provide strong representation in cases requiring litigation. They have a solid courtroom presence and will fight for their client’s rights and interests, presenting a compelling case to the court.
Divorce is a challenging process, particularly when it comes to property division. Understanding the principles of equitable distribution and distinguishing between marital and separate property is crucial for securing a fair settlement.
With our divorce lawyers in McAllen, you can have confidence that your interests will be protected throughout the divorce process.
Their knowledgeable attorneys will guide you through the complexities of Texas divorce law, ensuring that you receive a just division of assets.
Get the Legal Help You Need
If you’re in a bind for legal issues advice in McAllen Texas, don’t hesitate to call us at (956)287.7555 for a free consultation.