El Paso Property Division Attorney

Expert Guidance for Equitable Asset Division in El Paso Divorces

At The Law Office of Erica P. Rios, P.C., we understand that property division can be one of the most complicated and stressful parts of a divorce. Whether you are the spouse who wants to keep the house or the one who wants to get rid of the child support payments, you are probably feeling a lot of conflicting emotions. Our El Paso property division lawyer is here to help you navigate the property division process and make sure you get what is fair and equitable.

Schedule a consultation with our El Paso property division lawyer by calling (915) 255-3840 or filling out our contact form.

Understanding Equitable Property Division in Texas Divorces

In Texas, property is divided equitably, not necessarily equally. This means that the court will look at the circumstances of each spouse and determine what is fair and equitable. For example, if one spouse stayed home with the children and sacrificed their career, the court will take that into consideration. The court will also consider what is called "marital property," which is property that was acquired during the marriage. This can include assets like bank accounts, retirement plans, and real property (like a house).

Property can also include debts, which are divided equitably as well. The court will look at each spouse's income and determine who will be responsible for what debts. If a couple has a significant amount of debt, it may be wise to consult with a divorce financial advisor to better understand how to get out of debt and plan for the future.

Role of a Property Division Lawyer in El Paso Divorces

Your property will be divided according to Texas property laws, which means that the court will consider a number of factors, including:

• Your and your spouse's contributions to the marriage
• Your and your spouse's assets and debts
• The financial situation of each spouse
• Whether either spouse wasted assets or mismanaged money during the marriage

Your property division may be decided based on what is called "community property," which is property acquired during the marriage, or "separate property," which is property that was acquired before the marriage. Separate property includes things like a house owned before marriage or an inheritance received during the marriage. Community property includes things like income earned during the marriage and assets like real estate, cars, and bank accounts acquired during the marriage.

Your property division may also be decided based on what is called "marital property," which is property that was acquired during the marriage. This can include assets like bank accounts, retirement plans, and real property (like a house). Property can also include debts, which are divided equitably as well. The court will look at each spouse's income and determine who will be responsible for what debts. If a couple has a significant amount of debt, it may be wise to consult with a divorce financial advisor to better understand how to get out of debt and plan for the future.

Get Professional Help with Your El Paso Property Division Case

Whether you are the spouse wanting to keep the house or the one wanting to get rid of the child support payments, you are probably feeling a lot of conflicting emotions. Our El Paso property division attorney is here to help you navigate the property division process and make sure you get what is fair and equitable.

Ready to discuss your property division? Contact our El Paso lawyer today by calling (915) 255-3840 or using our online form.