Property and debt division are often highly contested matters in a divorce situation. Both sides want all of the assets and none of the debt. In a perfect world, that scenario would work for you, but realistically, you are going to end up with some of the assets from your marriage and some of the liabilities. It is the job of your Tarrant County divorce attorney to seek a fair and equitable distribution, while protecting your rights and striving to reach the reasonable outcome you desire.
At The Carroll Law Firm we represent people throughout the Dallas-Fort Worth area in matters of property and debt division. Since 1997, divorce lawyer Nicole Carroll has worked to help our divorce clients set achievable goals regarding the division of marital assets and liabilities. Whether through negotiations or in the courtroom, she protects your rights, interests and future. She is committed to securing the most favorable outcome for you.
How Is Property Divided in Texas?
In Texas, community property undergoes an equitable distribution. It is important to note that “equitable” does not necessarily mean equal. Attorney Nicole Carroll has significant knowledge of the ways in which property is identified and valued. She can readily evaluate your assets, property and debts to identify community property and separate property.
Community property is property that was acquired during the marriage or became commingled during the marriage. Separate property is property that was owned prior to the marriage, inheritance and personal injury awards. The proper characterization of property as separate or community can be crucial during a divorce as community property is generally divided and separate property is not.
With years of experience in determining the proper characterization of community and separate property, our firm proceeds toward the best possible solution for the division of property. We know this is an important part of your divorce and can shape your financial future.
The Carroll Law Firm handles simple to complex property and debt division, involving:
- Marital home
- Vehicles
- Investment properties
- Credit card debt and other debt
- Closely held business interests
- 401(k) plans and other retirement funds
- Stocks and bonds
- Ranches and farms
Contact The Carroll Law Firm
Property and debt division matters can easily become complex. Be certain you have a strong legal advocate by your side. Contact The Carroll Law Firm online or call us at 214-800-2812 or 817-706-7322 to arrange your free initial consultation. We offer flexible appointment times to meet your scheduling needs.