CYPRESS PROPERTY DIVISION LAWYER

Divorces can be challenging and emotionally intense, especially when determining how to divide property and other assets. Often, property division can be a complex process, especially when each party has a different idea of what makes an equitable agreement. Fortunately, an experienced property division attorney can help settle these disputes while protecting your rights and interests.

The skilled Cypress property division lawyers at Moffett Law Firm have 30 years of combined experience helping individuals navigate their divorces as smoothly as possible. Our attorneys are committed to ensuring you are treated fairly as we fight for your financial future. We aim to provide unparalleled legal guidance as we handle every aspect of your case. We understand the intricacies of Texas divorce law and have a proven history of achieving favorable outcomes for our clients in Cypress and the surrounding areas.

What Property Is Divided in a Cypress Divorce?

When a couple decides to dissolve their marriage, their shared property must be divided. While many assume that property refers to their physical possessions, the definition is broad and encompasses various types of assets. Furthermore, different distinctions and rules apply whether the property is classified as community or separate.

Community property refers to any assets the couple acquired during the marriage. Some examples of community property include:

• Employment income, including wages, tips, and overtime
• Homes or real estate properties purchased during the marriage
• Vehicles purchased during the marriage
• Any contributions to retirement accounts made during the marriage
• Unemployment or other compensation for lost wages
• The balance of any single or joint checking and savings accounts

On the other hand, separate property is any property you owned before the marriage or specific property you gained during the marriage. A few examples of separate properties include the following:

• A home or real estate property purchased before the marriage
• A vehicle gifted to one spouse by their parents
• Jewelry given by one spouse to the other
• Any contributions to a retirement account made before the marriage
• A spouse’s inheritance
• A spouse’s personal injury settlement

Community property must be divided in divorce while the appropriate spouse retains the separate property. Determining the distinctions between your assets can be challenging and time-consuming as you contend with divorce. Fortunately, an experienced Cypress property division attorney can review your assets to determine which ones fall under each category.

How Is Division of Property Determined in Texas?

Once the separate and community properties are established, the courts will determine how the community property will be divided. In Texas, courts typically consider:

• The length of the marriage
• The income disparity between both parties
• The health of each spouse
• The educational background of each spouse
• Any business opportunities
• Whether one spouse was at fault for the marriage’s failure

It is also essential to note that any community debts will be divided the same way as community assets. If your former spouse is made responsible for any debts after the property is divided, it is essential to remove your name from the account as soon as possible to protect yourself from creditors.

Ways a Skilled Cypress Property Division Lawyer Can Help You

Dividing property during a divorce can be stressful and confusing. It is vital to retain the services of a highly-qualified property division attorney to protect your rights and assets. The seasoned attorneys at Moffett Law Firm have extensive experience helping their clients by:

• Evaluating and protecting your separate property
• Valuing and dividing your assets
• Analyzing any retirement or trust funds
• Providing objective advice
• Negotiating with all parties on your behalf
• Taking your case to trial if necessary
• Providing support and answering your legal questions

Our attorneys aim to make dividing your property as straightforward and stress-free as possible. We are committed to prioritizing your needs and goals through every step of the legal process as we fight to protect your assets and financial future.

Discuss Your Case With a Seasoned Cypress Property Division Attorney at Moffett Law Firm

Property division is one of the many facets of divorce. It often makes a frustrating and sensitive process even more complicated. This is why an experienced Cypress property division lawyer from Moffett Law Firm is essential as you move through the process. Our attorneys advocate aggressively for their client’s rights and interests to ensure that property is divided fairly between both parties. We have a proven track record of successfully navigating complex property division disputes and are ready to apply our skills to your unique case.

To schedule a consultation and learn more about our services, call us today at (713) 333-5800 or complete our contact form.