Divorce can be tricky when there is property involved. However, a couple can divide their
property with the aid of a divorce process lawyer with little stress.
What Property Gets Divided in a Divorce?
Typically, a divorce lawyer in Houston breaks down property and debt into two categories:
community and separate.
Community Property and Debt
Community property and debt are considered jointly owned and are split after a divorce.
Community property refers to the property you and your spouse owned at the time of the
divorce. This includes:
-Real estate
-Retirement accounts
-Cars
-A business
-Anything that was earned or bought by either spouse while still married
-Debt acquired during the marriage is split during a divorce. Legally, marital property and
-debt is split in a ‘just and right way.’ In many cases, this doesn’t mean a 50/50 split.
-Separate Property and Debt
-Property owned by a single spouse will not be divided in a divorce. This includes:
-Property that was gifted or received as an inheritance by one spouse before the
marriage
-Property claimed or owned by one spouse before the marriage
-Funds issued to one spouse during the marriage for personal injuries
You might have to consult a divorce process lawyer for advice if the money earned by one
spouse was spent on improving another spouse’s separate property.
Contact Eaton Family Law Firm Today!
Are you in the process of a divorce? Eaton Family Law Firm can help you through the
divorce proceedings with as little strain as possible. We understand that divorce can be a
painful experience and will work to ensure we keep it fair for both parties. Contact us today
to schedule a free consultation
