Preparing To Divide Assets In A Central Texas Divorce
Asset division in Austin involves the legal partitioning of all marital property assets and debts. Central Texas family law follows community property laws, under which the court presumes that all assets acquired during the marriage belong to both spouses. Likewise, Central Texas presumes that all debts accumulated during the marriage also belong to both spouses. Our Austin family law firm helps clients distinguish between separate and community interests to ensure a just and right outcome.
When you have questions about complex financial matters in your divorce, Maples | Jones, PLLC, provides the support and guidance necessary to help you protect your financial assets. We serve clients throughout Travis, Williamson, Hays and surrounding counties with personalized and knowledgeable legal representation. Our lawyers offer over 35 years of combined experience and provide smart solutions in any situation.
What Factors Influence The Division Of Assets?
The court starts with the presumption that all marital assets are community property, often using an equal split as a baseline. However, judges can shift this balance based on several legal factors. Some of those factors include:
- Earning capacity of each spouse: Courts look at the future employability and physical health of each spouse.
- Fault in the marriage dissolution: Factors like adultery or fraud can lead to a disproportionate share for the innocent party.
- Size of separate property estates: If one spouse owns significant separate property, creating individual wealth, it may impact the final community split.
- Primary caregiving for minor children: The needs of the parent who will have primary custody of the children often carry extra weight.
We help you discover any evidence that might exist to protect your financial standing during the process. Our strategic approach ensures that every relevant detail is presented clearly to the court to advocate for a just and right outcome.
This level of detail is especially critical when high-value cases involve assets that make the process more complicated for families. We frequently manage the valuation of private businesses, diverse stock portfolios and luxury real estate holdings. Our team ensures that your commercial interests, retirement and investment accounts receive proper characterization under asset division laws in Central Texas.
How Can An Experienced Austin Divorce Firm Protect You?
Selecting an experienced divorce firm ensures that no financial detail goes overlooked during discovery. We focus on meticulous preparation for every mediation and trial to give you a distinct advantage.
As lawyers who manage asset division in Austin, we prioritize finesse and skill to handle your most sensitive financial matters:
- Tracing assets to their source: We locate and identify separate property owned before the marriage or received by inheritance.
- Professional business valuation and appraisal: We work with financial professionals to determine the true market value of your company.
- Proper debt allocation and management: We advocate on your behalf to ensure that you do not carry an unfair burden of the debt liabilities.
- Concierge service: We keep you informed with constant communication and frequent face-to-face strategy meetings.
An attorney from our family law firm can act as your advocate to prevent the concealment of marital funds and property. We also provide the attention to detail necessary for high net worth individuals and business owners. This approach allows every member of our team to step in and assist with your case at any time.
Take Decisive Action To Protect Your Property Interests Today
Hiring an attorney can provide the advocacy to ensure that the court treats your property interests fairly. Taking prompt action can help you preserve vital financial records and prevent the commingling of separate and community funds. Contact Maples | Jones, PLLC, at 512-651-9074 or through our online form to arrange your consultation.