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In a community property state, both spouses own equally any income and property acquired by either spouse during the marriage.u00a0Our attorneys at Adams Law Firm have over 35 years of experience guiding individuals through theu00a0divorce processu00a0to the most favorable conclusion possible.u00a0To know more about it watch this presentation and contact our asset division lawyer in texas or call us today at 281-391-9237.
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Adams Law Firm Texas Asset Division Attorney
Per the law, all property and income acquired by either or both spouses during the marriage is to be split equally between them through the divorce, in general. Community Property Vs. Separate Property
Factors That Impact Asset Division Homes Motor vehicles Stock options Family businesses Marital debt Real estate holdings Deferred compensation plans Intellectual property
What happens if my spouse agrees with me on how to divide assets? When this is the case, then you can save the court a lot of work. You merely need to file a Final Decree of Divorce that reflects all of the details of your property agreement. Many divorce cases will have consensus on how shared assets will be divided, with disagreement about asset division limited to only a few personal items.
How will a court divide a family business? The division of any business can be extremely complicated and can depend on many factors. For example, the court will usually look at the roles that both spouses played in the operation of a business, and whether one or both spouses wish to continue running the business.
Contact Us Phone Number 281-391-9237 Email Address taa4@adamslawfirm.com Website www.theadamslawfirm.com Address 23501 Cinco Ranch Blvd H205, Katy, TX, 77494, USA