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Dallas Property Division Lawyer

Protecting Your Finances During a Divorce

During divorce proceedings, property which was acquired during your marriage will be inspected and divided up according to a formula that is outlined in law. This can unfortunately be the source of much discord between spouses, particularly if the court awards the property unequally. When children are involved, property division is much more complicated.

At the Mathur Law Offices, P.C., we understand how important it is to receive your deserved property. You shouldn't have to fight for your best interests on your own. A Dallas divorce lawyer from our firm can be the asset you need in your corner and will defend you with compassion and skill.

Community Property vs. Separate Property

Property is divided into two main categories regarding divorce property settlement.

  • Community property is defined as property that was acquired during the course of the marriage. Even if the asset is in only one person's name, it is still considered community property at the time of the divorce if it was acquired during the marriage.
  • Separate property is property that was owned before the marriage took place, property in the form of an inheritance or gift, compensation recovered by the marriage partner from a case, or anything which is exchanged for property which falls under these headings.

Salary, cars, retirement savings, and more are all subject to community property laws and if you do not have an attorney to protect your assets, you may lose half of your ownership. Ensure that you notify your lawyer early on in the divorce process if you own separate property.

How is property divided in Texas?

Texas is a community property state, which means that any income and property acquired during the marriage is jointly owned by both spouses. Thus, in the event of a divorce, the property must be divided equally according to the discretion of the court. Community property typically includes real property, such as the home, and intangible property, like income and benefits.

The court will consider the unique circumstances of each marriage in order to make a fair property division verdict.

Unequal divisions may be a result of the following:

  • A disparity in the spouses earning capacities
  • Custody of any children and their needs
  • The needs of each spouse
  • Differences in education

If child-raising responsibilities fall more heavily on one spouse, the court is likely to award that spouse with a greater portion of the property.

Discuss Your Property Settlement Concerns

Before your property gets divided by the court, it is valuable to obtain support from an attorney skilled in divorce law. The last thing you want is to miss out on valuable assets earned during your marriage and a Dallas divorce attorney from the Mathur Law Offices, P.C. can ensure that this doesn't occur.

Contact our Dallas divorce lawyers today and secure the best for your future.

What to Expect From Mathur Law Offices, P.C.

  • A legal team with a wide breadth of legal knowledge
  • An emphasis on making your needs our top priority
  • Personalized, unwavering commitment to you
  • A team with unmatched experience and versatility
  • Compassionate and genuine service

Trusted Recommendations
From Our Clients

  • Citizenship

    “Ignatius, and his team, did a wonderful job on my journey to becoming a naturalized US citizen. They were there with my husband and I from the very beginning, until the Oath Ceremony. In the beginning, we had a wonderful consultation with Sanjay, where he explained everything step by step, and they presented all the necessary paperwork to the government for each step that we took. Part of our journey was with Anamika, where she helped us get through the first 2 parts of the legal process, and the final part was with Ignatius, who assisted us with the naturalization part. Thank you, Ignatius, for being there with me during the interview process. Your presence helped to ease my mind.”

    Ignatius

  • Yvette Lopez

    “Yvette is always very helpful when I call and if I can't reach anyone she makes a note and makes sure I get a response within that same day. Just wanted to say Thank you Yvette for caring and taking care of us clients..”

    Elizabeth Juarez

  • 5 stars

    “I will give 5 stars to this office .Very professional team , Mr Sanjay Mathur is a gem . He approached our case with all the sincerity and concern. He is very very knowledgeable. ”

    ab

  • Legal advice

    “Rosie Chavez was of a great assistance to me. She encouraged when I felt all Hope was gone. Lifted up my spirit and ensured me all will go well. Chatting with her regarding my issue was a blessing I will always remember”

    Ima Friday

  • You made my dreams a reality

    “Anamika, I want to express my utmost appreciation for assisting me and my fiancé with the K1 Visa process. My fiancé is from Brazil and we just received the approval for her visa, her interview was successful and now we can finally live our dream and be together. Anamika you made this process so simple and easy, it was a pleasure and we now look forward to the next journey as we get married and ultimately she becomes a USA citizen. I feel extremely comfortable knowing that you will be with us all through this process. We are overcome with joy and happiness. Thank you!!!! Brian”

    Brian Jackson