It is essential to know the basics of property division when going through the divorce process.
In California, Texas, Washington, Arizona, Nevada, Louisiana, Idaho, Wisconsin, and New Mexico, divorcing couples are required to divide the property acquired during the marriage 50/50. However, assets that were given to a spouse as a gift during the marriage must remain solely with the recipient.
In all other states, the general rule is that the divorcing couple must split everything up according to “what is fair.” The divorce court determines the parameters for what is fair.
If you are going through a divorce in Denton and dealing with property division issues, contact the attorneys of Alexander & Associates. Legal advice from a family lawyer can expedite the divorce process. Call (972) 420-6560 today to find out how a one of our attorneys can help you.