Understanding Property Division In A San Antonio Divorce
During a divorce, one of the aspects considered in family court is property division. This refers to the legal process of dividing assets and debts between spouses according to Texas laws. An experienced San Antonio property division lawyer can help ensure this process is handled fairly and equitably.
At Vela & Del Fierro, P.C., Attorneys at Law, we have over four decades of combined experience handling complex property division cases with precision and personal attention, helping our clients achieve the most favorable outcomes in their San Antonio divorce proceedings.
How Is Property Divided In A San Antonio Divorce
In a San Antonio divorce, all property is divided into two categories, namely:
- Separate property
- Marital property
Separate property generally includes assets a spouse acquired before the marriage or received as a gift or inheritance, which are not divided during a divorce. Marital or “community” property refers to all assets and debts acquired by either spouse during the marriage. Community property belongs to both spouses equally, but they are subject to a “just and right” equitable division between the parties in a divorce. In San Antonio, equitable distribution does not always mean an equal split but rather a fair allocation based on each spouse’s circumstances and contributions during the marriage.
How To Make The Right Property Division Choices
When going through a divorce, the property division issue may get emotional. However, it is important to make the right decision for you and your spouse during negotiations. Asking yourself the following questions can help:
- If I keep my house by myself, can I afford taxes?
- If my partner keeps a business, how do we account for its earning potential/real value?
- What happens to debts?
- Are retirement accounts fully accounted for in the split?
With a Vela & Del Fierro, P.C., Attorneys at Law, attorney, you will be guided to make informed decisions that protect your interests and ensure a stable financial future post-divorce.
Contact Us Today
If you are going through a divorce and looking for an experienced property division lawyer in San Antonio, look no further than Vela & Del Fierro, P.C., Attorneys at Law. Call 210-617-3925 or email to schedule your free consultation today.