/// Asset and Debt Division in a Texas Divorce
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Asset and Debt Division in a Texas Divorce
Experience you can trust.
When a marriage ends, dividing property and debt is one of the most critical and contested steps in the process. It is not just about who gets what—it is about securing your future.
At DallasTexasDivorce.com, we guide individuals and families through the often-complicated process of dividing assets and liabilities. Our team has the experience, strategy, and attention to detail needed to protect what matters most to you.
Texas Is a Community Property State—But That Doesn’t Mean 50/50
Under Texas law, most property and debt acquired during the marriage is considered community property. That includes income, real estate, vehicles, retirement accounts, and even debt like credit cards or loans.
While the law starts with the idea of a “just and right” division, that does not always mean equal. The court may weigh many factors, including:
- Who earned or acquired the property
- Differences in income or earning capacity
- Fault in the breakup of the marriage (in some cases)
- Future needs of each spouse
- Custody arrangements and child-related expenses
We help make sure your side of the story is heard and your contributions are properly recognized.
What Counts as Community Property?
Community property typically includes:
- Income earned during the marriage
- Homes or real estate purchased during the marriage
- Bank accounts and investment portfolios
- Retirement accounts and pensions
- Business interests
- Vehicles and other jointly used assets
- Debts accumulated while married
Hear From Real People
Going through a divorce is never easy. Desaray Muma with Ashmore law firm help make it easier… I have not only found a good attorney, I have found my new law firm for all legal needs.
Scott
Client
They did a very professional job guiding me through a difficult time. They were also very fair in what they charged. I wouldn’t hesitate to use them again or recommend them.
Christina
Client
The attorneys and their legal team at The Ashmore Law Firm were highly supportive and very professional… I can’t sing enough praise about the attention and detail put into my case.
Brand
Client
What Is Separate Property?
Certain property may be considered separate and not subject to division, including:
- Assets owned before marriage
- Inheritances and gifts (given to one spouse only)
- Settlements from personal injury claims (with some exceptions)
We work with clients to identify, document, and protect separate property so it does not get unfairly divided.
High Net Worth and Complex Division
If your divorce involves significant assets, closely held businesses, or complex financial portfolios, our attorneys are prepared to help. We often work with financial experts to trace assets, conduct business valuations, and ensure accurate disclosure of income and holdings.
We also help clients uncover hidden assets, enforce financial transparency, and ensure property is divided fairly and strategically.
We Can Help You With
- Valuation and division of real estate and investments
- Retirement account division (including QDROs)
- Division of businesses and professional practices
- Tracing and characterization of separate vs. community property
- Debt division and responsibility for loans or liabilities
- Negotiated settlements or litigation support
Get The Clarity You Deserve
When it comes to property division, knowledge is power. Whether you are concerned about losing your home, dividing retirement funds, or protecting what is rightfully yours, we are here to help you understand your rights and options.
📞 Contact us today to schedule a confidential consultation with one of our Dallas divorce attorneys.
Serving clients across Dallas County and surrounding areas.
Call us or use the contact form to get startedSchedule a confidential consultation with one of our attorneys and take the first step toward clarity and closure.
Divorce lawyers in Dallas focused on results, compassion, and trust. Experienced in child custody, property division, and high net worth divorce.
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