When the issues surrounding the division of property in a divorce case, it's important to have an attorney on your side who is familiar with properly handling each and every detail to ensure that your interests are protected and the divorce is resolved without the risk of future property disputes.
Before property can be divided, you must know whether it is separate or community property, and you must know its current value. Distinguishing the type of marital property (i.e., community or separate) is called characterization. Determining the current value of the assets is also called valuation. When disputes arise in a divorce case, it's important to have an experienced attorney on your side to help you sort through all the details.
Determining whether property is considered separate property or community property is contingent on various factors such as whether it was attained before or during the course of the marriage. Other factors are much more complex such as when an asset (e.g., a 401(k) or pension plan) has a mixed character.
Stock in publicly traded companies and checking and savings accounts can be easily valued. Other assets such as stock options, retirement plans, pension plans, business interests, and professional practices have value that is not easily determined. Many times, valuation of more complex assets requires a team of experts working together, including your attorney, accountant, certified appraisers, and other professionals.
Contact Pat White Attorney at Law, no matter how simple or complex your marital property may be. Our Fort Worth family lawyer is waiting to assist you in achieving an equitable settlement or to fight for your fair share in court. Contact us by providing us with your case details in our online contact form or call . Pat White handles cases in Tarrant County including Fort Worth, Benbrook, Lake Worth, Eagle Mountain, Saginaw, Blue Mound, Weatherford, Azle, Granbury, Aledo, and Surrounding Areas
