When someone goes through a divorce, both parties are put under vast amount of pressure to set aside their differences and settle any property matters, and division of their other assets.
One of those decisions that is the hardest to resolve is property division. Homes are usually the biggest asset in the marriage. Should the couple not agree on the distribution of property, seeking professional help is your best option.
If you have any questions about property division, contact the McAllen divorce attorneys from Barrera, Sanchez & Associates at 956-287-7555.
Property Types
There are two types of property, real and personal property.
Personal property entails everything that is movable and can be gathered. For instance:
- Books
- Jewelry
- Art
- Furniture
- Cars
- Checking accounts
- Retirement funds
In comparison to personal property, real property is the complete opposite. Real property includes your home, and any investment properties such as apartments or property.
Some states are considered “equitable distribution states,” which means everything bought during the marriage can be divided equally regardless of who has ownership.
Contact Us
If you have any questions about property division, or are thinking of getting a divorce, contact the McAllen divorce attorneys from Barrera, Sanchez & Associates at 956-287-7555.