One of the most important, and often most contentious parts of any divorce is the division of property, especially when there are considerable marital assets. Keeping what is rightfully yours is crucial, and asset protection can be key to retaining your property. It is important to speak with experienced legal counsel to ensure that your rights are protected and your best interests are represented during the divorce process.
At the Shapiro Law Firm in Plano, our Collin County asset protection lawyers can help you keep what is yours through a divorce. With more than 40 years of experience, we have the legal knowledge to accurately evaluate marital assets and property, and will work to secure a fair distribution of those assets. We will work closely with you so you understand your options and can feel more confident about your future.
The Difference Between Separate and Community Property
In any divorce proceeding involving property division, it is important to understand the distinction between the two main categories of property recognized by the state of Texas, that is, separate and community property.
Separate property is defined as any property owned prior to the marriage, as well as any assets acquired through a gift or an inheritance.
Community property, on the other hand, consists of assets acquired by either spouse during the course of the marriage. This includes not only homes and cars, but also encompasses retirement accounts, pension accounts and business assets.
Our Dallas-Fort Worth family law attorneys can help you determine which of your assets will be community or separate property and can protect those assets that are rightfully yours. We will also assist you in the proper valuation of community property and all other marital assets.
Call for a Consultation With a Plano Wealth Preservation Planning Lawyer
We will work tirelessly to protect your assets in the event of a divorce. Contact our Collin County asset protection attorneys online or call 800-554-5247 to arrange for an initial consultation to discuss your situation.