Division of Property & Debt

When dealing with the division of property and debt, the court’s focus is to achieve a just and right, fair and equitable division for the parties. Texas is a community property state, which essentially means that all property accumulated by the parties during the marriage is presumed to be “community property,” and thus both parties may have equal rights to the properties and/or a financial interest in those properties. All assets and debt can be characterized as community property if accumulated during the marriage; these issues can get complicated and involve intensive focus on dates, sources of funds, and reasons behind the debt. There is no such thing as a “legal separation” in Texas; so, any property you acquire while separated, is still community property. We strive to ensure that all assets and all liabilities are accounted for first, and distributed fairly and justly.