Asset & Debt Division Lawyer in Rockwall

Assisting Clients Through Asset & Debt Division in Rockwall 

Decisions regarding what will happen to property, assets and debt are different in every divorce, which is why it is so important that you retain me as your Rockwall divorce attorney. At my firm, the Law Offices of J. Cameron Cowan, I can work with you to evaluate all aspects of the divorce and help ensure that an equitable division of property is reached. I understand that you may be feeling stressed over the issues you are facing, but I can work hard to help you reach a favorable outcome for your case. Each case that I take on, I approach with a personalized outlook and tailor the strategies specifically for the client. I know what the court may be looking for and can help you achieve the best possible resolution for you case.

Although we have helped many individuals facing struggles with asset and debt division matters, we understand that each case is unique, and make sure to treat it as such. Contact us today to schedule a free consultation , and to learn more about what we can do to help you and your family.

Understanding Community Property vs. Separate Property in Texas

In almost every divorce, both community property and separate property will need to be reviewed and factored into each party's goals for the final divorce settlement. Community property is any property that was brought into the marriage by the parties upon being wed, and marital property is any property purchased during the time of the marriage. If both names are on the title of the car, for example, the car will be considered marital property. Separate property, on the other hand, is any property that has not comingled with community property and was kept separate throughout the course of the marriage, such as one party's long-term investment. It is important to provide documentation to prove that this property was separate and cannot be characterized as community property.

When determining how the property will be distributed during the divorce, a judge can take into consideration the length of the marriage, the age of the parties at the time of the divorce as well as health, earning capacity and taxes. The grounds for divorce and the cause of the breakup may also be considered. If children are involved in the marriage, the custody arrangement may affect the division of property. With so many deciding factors and things that could potentially change the outcome of your case, it is absolutely vital that you work with a lawyer who can fight to protect your assets and property in the event of a divorce.