Property Division
Dividing Marital Property and Debts in Texas Divorce
Property division can be a serious stumbling block in the resolution of divorce issues, especially when the divorcing spouses are older, childless, affluent, or engaged in a family business. For dependable advice and skilled representation on the full range of Texas property division issues, contact experienced family law attorney Holly Schymik in Dallas.
In theory, property division issues should be fairly simple. Generally speaking, any property owned by each spouse prior to marriage is separate property, and won't be subject to division. Any property (with a few exceptions) acquired by either spouse after the marriage is community marital property and must be divided between the spouses.
Find help understanding your rights in complex property division cases
It gets complicated fast. Interest on a separately owned savings account? Community property. Appreciation in value of separately owned real estate? Separate property. Sometimes half the battle is just determining what a particular asset is really worth, whether it's an interest in a closely held business or an art collection.
Holly Schymik can advise you and help resolve property division issues in such situations as the following:
- Characterizing particular assets as separate or community property
- Identifying accurate valuations for business, corporate or partnership assets
- Dividing marital debts
- Crediting a spouse for payments on the other spouse's separate debts
- Dividing interests in residential, commercial, vacation or investment real estate
- Enforcing or challenging the property division or spousal support terms of a premarital or postnuptial agreement
- Defining gifts, inheritances, remainder interests or trust benefits as separate or marital property
Holly can help you resolve property division questions through negotiation, mediation or litigation. Collaborative law is an effective approach that will keep your financial affairs out of public view, if the dispute is especially sharp and the parties have a special interest in privacy,
Whatever approach might work best in your case, you can depend on Holly Schymik, Attorney, Mediator & Collaborative Lawyer for dependable advice and resourceful client service. Contact her in Dallas to learn more about her ability to serve your needs.
