All assets that are community property will be subject to distribution in a divorce in Houston. Property subject to marital asset division may include your family home, cars, boats, bank accounts, stocks, bonds, household furniture, appliances, electronics, other real estate, and more.
Separate property is generally not subject to division by a family court.
Retirement Asset Division
Identifying, valuing and protecting all retirement funds are important considerations in marital asset division. Types of retirement property that can be involved in asset division include:
- 401(k) funds
- Private Pension funds
- Government Pension funds
- IRAs (Individual Retirement Accounts)
- Military Retirement Benefits
Family Business Assets
When the parties involved have a family-owned or closely-held small business, many complex issues come into play when the parties separate and divorce. Some of the issues that may need to be addressed are:
- Valuation of the business and methods involved
- Each spouse’s role in the business
- Determining whether the business is separate property or community property
Is Marital Asset Division Causing You Problems? Call Us Today
If you are involved in a dispute over asset division regarding a divorce in Houston, it could be to your advantage to discuss your case with a knowledgeable legal professional. For more information about how The Larson Law Office can help, contact our Houston marital asset division lawyers at 713.221.9088 today.
Phone: (713) 221-9088