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Longview Property Division Lawyers
Gregg County Property Division Lawyer: What Is It and How Does It Work?
Divorce is never easy, but it can be even more difficult if you and your spouse have to deal with property division issues. If you are facing a property division issue, it is vital that you work with an attorney who is well-versed in the laws of Texas and who can help you understand your options. At The Hollwarth Law Firm, PLLC, our Longview property division attorneys have over 20 years of experience and have helped many couples resolve their property division issues. We provide cost-effective representation and strive to help our clients reach favorable solutions as quickly as possible.
To learn more about how we can help you with your property division issue, contact our firm today.
Understanding Property Division in Texas
As part of a divorce, a judge will need to divide the marital property of the couple. Texas is a community property state, which means that all property acquired by either spouse during the marriage is considered marital property. This includes property obtained by gift, inheritance, or purchase, as well as any increase in value of property. However, there are certain property exceptions, such as property obtained by gift or inheritance, that will not be considered marital property.
Once a couple has separated, the community property will be divided between the spouses based on the factors the judge will consider. These include:
- the duration of the marriage;
- the value of the property;
- the contribution of each spouse to the acquisition of the property;
- the needs of each spouse;
- the circumstances that make it unfair for the property to be divided equally; and
- any other factors the judge deems just.
If a spouse hid assets, or if they lied about their income or expenses, the judge may conclude that the other spouse was deceived, rendering the property not community property. In this case, the property will not be divided between the spouses, but rather, the spouse who obtained the property will be required to return it to the other spouse.
How Does Property Division Affect Alimony?
In Texas, alimony and property division are considered two separate issues. Property division is the division of the community property between spouses, while alimony is the financial support paid by one spouse to the other spouse. However, in Texas, the amount of alimony is determined based on the standard of living of the couple during the marriage. This is because the community property will be divided, and spouses will have less financial resources after a divorce. It is important to note that the spouses can come to an agreement on property division, which will then be approved by the judge, or the spouses can let the judge decide how to divide the property.
If you are considering divorce, it is important to know that what you own before the divorce will not change, and what you own after the divorce will not change. The only difference is that your name will no longer be on the property, and you will no longer have the right to use the property.
For more information on how property division works in Texas, contact our Longview property division lawyers today.
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