Property Division Attorney

Property Division | Division of Property

If you have property in Texas and are going through a divorce, you should seek representation from a Texas Family Law firm with experience handling property division matters, including those involving real estate and business investments.

The Law Office of Marilynn W. Landon enjoys an excellent reputation throughout the Dallas / Fort Worth area for handling property division issues in divorce and marriage dissolution cases.

Our practice is limited to Texas Family Law and Divorce. We take a personal interest in every client's case, and we are dedicated to achieving the results our clients demand. We also have the experience and knowledge to provide you with the information you need to set realistic expectations and make informed decisions.

For additional information about our Texas family law firm and some of the benefits of retaining our legal services, please visit our Why You Should Hire Us page.

Classification and Valuation Issues for Texas Property Division

Typically, there are two overriding issues in every property distribution matter during a divorce. First, property must be classified as either marital or non-marital property. Only marital property is subject to division.

Second, marital property must be valuated, i.e., its worth must be determined.

Marital property is property accumulated during the marriage. Non-marital property is property brought into the marriage or received as a gift or inheritance during the marriage. The line between these two types of property becomes unclear when marital property is commingled with non-marital property. An example would be a home owned by one spouse prior to marriage where, during the marriage, payments are made on the mortgage or for renovations using marital assets. Other examples would be a retirement plan, pension or insurance policy owned prior to marriage where payments and contributions made during marriage increase the value of the asset.

Valuation issues can also present problems. For example, how do you value a business or professional practice where the income is dependent on the work of you or your spouse? What about minority shares in a close corporation? Insurance policies, pension plans and stock options? The family pet?

Property division can be complex and difficult. If you have assets or debts that are unclear in ownership or value, you should seek the advice of experienced counsel.

Contact an Experienced Texas Property Division Lawyer

For additional information about property division in Texas, or to schedule a free initial consultation with a lawyer who will guide you through the legal process and provide you with the advice and information you need, call Dallas attorney Marilynn Landon at (214) 522-4226. If you prefer, you may fill out our intake form, and someone from our office will contact you to schedule an appointment.