The Knowledgeable Legal Counsel You Need For Property Division
Divorce is not only the end of a marriage, but also the complete division of a household estate and all it entails. When you file for divorce, prepare to ensure that you leave the relationship with your fair share of assets. At Albano Law, PLLC, in Plano, Texas, and the surrounding area, we advocate aggressively for our clients at the negotiating table and in court to secure fair property division settlements or orders.
Christine G. Albano is a well-respected and accomplished attorney who is Board-Certified in Family Law by the Texas Board of Legal Specialization. She draws on her extensive legal experience and knowledge to protect her clients’ short-term and long-term financial interests in divorce.
Dividing Property Under Texas Law
Texas is a community property state. This means that there is a presumption that all income and property that spouses acquire during a marriage belongs to both spouses, and it should be divided equally upon divorce. The same is true of debts.
When a spouse wants to shield an asset from division during divorce, he or she must prove the asset is separate property. Separate property may include property that was acquired by one spouse prior to the marriage and kept separate; property that was gifted to one spouse during the marriage; and property that was inherited by one spouse during the marriage.
Spousal maintenance, often referred to as alimony, is determined separate from the division of community property.
Property division is often the most contentious issue in a divorce. We work diligently to achieve settlements or court rulings that protect our clients’ rights and their long-term financial well-being.
High-Asset Divorce And Concerns Of Business Owners And Professionals
The property division process can be very complicated for business owners, professionals and those with high net worth estates. Ms. Albano uses a multidisciplinary approach, considering tax implications, business law and other factors, to analyze, evaluate, negotiate and litigate such cases. Depending on the details of your case, she may enlist the expertise of appraisers, forensic accountants, attorneys with certain specializations and others to obtain an adequate inventory of your estate and an accurate business valuation to best advocate for your interests.
If your marital estate involves complex assets, such as business interests, a professional practice, stock portfolios and retirement funds, it may be critical to seek representation from a reputable lawyer like Ms. Albano.