Property Division Lawyer in Conroe

Understanding Texas Equitable Distribution in Divorce

The division of marital property is one of the greatest challenges in a divorce. Marital estates often contain assets that are difficult to appraise and prompt conflicting opinions about their true value. Since divorces often take place after trust between parties has been eroded, negotiations can easily break down as tempers rise. Prolonged litigation of these matters can deplete the marital estate, diminishing the financial security of both parties and their children.

Texas uses the principle of equitable distribution to divide marital property, this is a three-step process, in which the court:

• Identifies property as marital or nonmarital
  • Marital property includes all assets acquired during the course of the marriage, which may include businesses, investment portfolios, real estate, and more
  • Nonmarital property includes assets that a spouse acquired by inheritance or gift or owned before the marriage and is generally not divided between spouses
  • Some assets may be protected in the event that a marital agreement was created, which the property that needs to be divided will vary from person to person
• Places a value on each asset of marital property
• Divides the marital property in a manner it deems fair

Contact Our Property Division Lawyer in Conroe Today

Equitable distribution in divorce does not always translate into a precise 50/50 split. It simply means the court will divide the marital property as fairly as possible. An experienced Conroe divorce attorney helps to ensure accuracy at every phase of the property division process. Bradford L. Atkinson works for equitable solutions that place his clients on the best possible financial footing. For more than 17 years, Mr. Atkinson has helped clients reach settlements that preserve assets and distribute them fairly.

A review of the financial assets of a marriage, including the family home and retirement savings accounts, allows the court to put a value on your major assets. However, some assets may be encumbered by debts such as mortgages. Bradford L. Atkinson can help you calculate whether you can truly afford to keep the house and continue to make mortgage payments or whether you would be better off with liquid assets so you can move on with your life without significant debt.Mr. Atkinson can help you make sure your divorce decisions are sound and your assets are protected. He prides himself on having clients who look back long after their case has concluded and know that they were given well-informed counsel and strong representation.