• Marital Asset Division

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Division of Marital Assets in Houston

asset division houstonAll assets that are community property will be subject to distribution in a divorce in Houston.

Property subject to marital asset division may include your family home, cars, boats, bank accounts, stocks, bonds, household furniture, appliances, electronics, other real estate, and more.

Separate property is generally not subject to division by a family court.

Other Types of Asset Division

  • Retirement Asset Division

    Identifying, valuing and protecting all retirement funds are important considerations in marital asset division.  Types of retirement property that can be involved in asset division include:

    • 401(k) funds
    • Private Pension funds
    •  Government Pension funds
    •  IRAs (Individual Retirement Accounts)
    •  Military Retirement Benefits

  • Family Business Assets

    When the parties involved have a family-owned or closely-held small business, many complex issues come into play when the parties separate and divorce.  Some of the issues that may need to be addressed are:

    • Valuation of the business and methods involved
    • Each spouse’s role in the business
    • Determining whether the business is separate property or community property

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How Debt Is Divided in a Texas Divorce

Property division involves both assets and debts. Texas courts evaluate marital liabilities alongside marital property when determining a just and right division of the estate.

Debts that may be addressed during a divorce include:

  • Mortgages
  • Credit card balances
  • Auto loans
  • Business obligations
  • Personal loans
  • Medical debt

The fact that a debt appears in one spouse’s name does not automatically determine who will be responsible for it after divorce. Courts examine the circumstances surrounding the debt and the overall financial picture of the marriage.

Digital Assets in Texas Divorce

Modern divorce cases increasingly involve digital assets that may have significant financial value.

Examples include:

  • Cryptocurrency holdings
  • Online business interests
  • Monetized social media accounts
  • Digital intellectual property
  • Online investment accounts
  • Digital payment platforms

Proper identification and valuation of digital assets can be critical to ensuring an equitable property division.

Hidden Assets and Dissipation of Marital Property

Texas courts expect both spouses to fully disclose their assets and financial information during a divorce. Unfortunately, some spouses attempt to conceal assets, underreport income, transfer property to third parties, or otherwise hide marital resources.

Courts may also consider whether one spouse intentionally wasted, transferred, or depleted marital assets for purposes unrelated to the marriage. This conduct is commonly referred to as dissipation of assets.

Examples may include:

  • Concealing bank accounts or investments
  • Transferring assets to friends or relatives
  • Excessive spending during the divorce process
  • Gambling losses
  • Selling property for less than fair market value
  • Using marital funds for an extramarital relationship

When evidence of hidden assets or dissipation exists, the court may take corrective action when dividing the marital estate.

Is Marital Asset Division Causing You Problems? Contact Our Law Firm Today

If you are involved in a dispute over asset division regarding a divorce in Houston, it could be to your advantage to discuss your case with a knowledgeable legal professional.  For more information about how The Larson Law Office can help, contact our Houston marital asset division lawyers at (713) 221-9088 today.

Other types of divorce cases we handle, include:

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