Property Division

Texas Divorce Property Settlement Attorney

Texas community property law is clear. Community property belongs to both spouses. Problems can arise when the parties disagree about what is marital property or hide marital property or disagree on how to divide marital property. Sugar Land property division attorney Richard T. Bell has more than 15 years of experience in protecting the property interests of his divorce clients.

A Positive Approach To Property Settlements
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A premarital agreement or post-marital agreement can ensure that your rights are protected in the event of a divorce.

To protect your interests, our property settlement law firm will act quickly to freeze accounts so that the accounts cannot be drained or hidden. Even when you trust your spouse, that helps assure that the process is open to scrutiny by both sides.

What is community property? Any property acquired during the marriage is community property with some exceptions. Money or other property owned prior to the marriage belongs to that individual. An individual also owns all rights to gifts, inheritance, or personal injury payments received during the marriage. If one partner started a business during the marriage, it belongs to both.

How do you divide a business? When one or both spouses are involved in a business, one should buy out the other at the time of the divorce. The business will need to be appraised and a fair price established.

What about commingled property? When one spouse owned a house, for example, before the marriage and the mortgage was paid with marital funds after the marriage, part of the property is community property. Property settlement lawyer Richard T. Bell traces the background of such property to determine the amount of an economic contribution claim.

What about retirement accounts and other assets? Our property settlement law firm can ask the court for a Qualified Domestic Relations Order ("QDRO" or "Quadro") so that the account manager can establish two accounts on the day of divorce.

Written by the Office of Richard T. Bell