Laura Dale & Associates, P.C.
Se Habla Español Nous Parlons Français
Call 713-574-7952 or 888-572-6059
888-572-6059

Accounting for all marital property in a divorce

Going through a divorce can be overwhelming, as there are a myriad of topics to negotiate in the divorce settlement. Separating marital property may be one of the most difficult issues to tackle when dealing with divorce. For some, it can be emotional having to part with property and assets that have been amassed throughout years of marriage. Understanding what marital property entails, however, may help the process run smoother and may help to ensure couples receive everything they are entitled to in the final divorce decree.

While many people think of marital property as the family home, vehicles, cars and savings accounts, there are a host of other types of community property that may be eligible for division in the divorce. These include the following:

  • Travel rewards points and exclusive country club memberships

  • Tax refunds and lottery ticket winnings

  • 401k plans, stocks, term life insurance policies and benefits from previous employers

  • Gifts given to one another during the marriage

  • Intellectual property, such as patents, copyrights and trademarks

  • Expensive collections, such as horses, wine, art, antiques, coins or comic books

If either party lent money or property to a third-party during the marriage, each party is entitled to half once it is repaid. This holds true even if the amount is repaid after the divorce is finalized.

Anything purchased during the time of marriage is considered community property and is divisible in the decree. Both parties are responsible for disclosing all property and assets in their possession at the time of the divorce so a fair distribution can be made.

 

 

No Comments

Leave a comment
Comment Information

Client Testimonials

  1. Laura Dale the best Family Law attorney I have ever met... Posted by John...Listens, takes your calls, tells you the truth (even when it may not be what you want to hear)... Read More

  2. The Best...Posted by a Child Custody client... Laura Dale handled my international child custody and divorce matter. I am an attorney in Houston and was referred to her... Read More

  3. A Meticulous, Knowledgeable, Attorney with Heart...Posted by a Child Custody client... Laura was not the first attorney that my husband and I interviewed for an extremely complex... Read More

  4. Top Notch, Hands Down - The Best...Posted by Tammi, a Child Custody client... Laura Dale has been absolutely the best attorney I could have found for my difficult child custody... Read More

Contact Our Experienced Team Today | Se habla español | Nous parlons français

Due to the experience our lawyers have in many specialized areas, you can rely on us to put together the right team to handle your case, even if it centers on complex issues such as international family law, business valuation or bankruptcy. Contact us today to make an appointment to discuss your needs with a knowledgeable lawyer.

Login to Client Portal

Laura Dale & Associates, P.C.
1800 Saint James Pl.
Suite 620
Houston, TX 77056

Toll Free: 888-572-6059
Phone: 713-574-7952
Fax: 713-600-1718
Houston Office Location

Review Us