Collin County Property Division Attorney

When you are going through a divorce, one of the most important issues you will face is how to divide your property. This can be a complex and contentious process, especially if you and your spouse have a significant amount of assets or if you have a high net worth. At Lisa Baker Canterberry, Attorney at Law, we understand the challenges you are facing, and we are here to help.

Call our firm today at (972) 608-3128 or contact us online to schedule a consultation with our property division lawyer in Collin County.

How Is Property Divided in a Divorce?

When you get a divorce, the court will divide your property using the principles of equitable distribution. This means that the court will divide your property in a way that it deems to be fair, but not necessarily equal. The court will consider a variety of factors when making this determination, including:

• The length of your marriage
• Your age and health
• Your income and earning capacity
• Your standard of living during the marriage
• Whether you have custody of your children
• Whether you have separate property
• Whether you contributed to the education or earning capacity of your spouse
• Whether you or your spouse wasted any marital assets

It is important to note that the court will only divide your marital property. This includes any property that you and your spouse acquired during your marriage, regardless of how the property is titled. Any property that you or your spouse acquired before your marriage or after your separation is considered to be separate property, and it will not be subject to division.

Marital property can include:

• Real estate
• Bank accounts
• Investment accounts
• Retirement accounts
• Business interests
• Stock options
• Personal property
• Debts

It is also important to note that the court will only divide your property if you and your spouse are unable to reach an agreement on your own. If you are able to agree on how to divide your property, the court will generally approve your agreement as long as it is fair and reasonable.

How Can a Property Division Lawyer Help?

Property division can be a complex and contentious process, especially if you and your spouse have a significant amount of assets or if you have a high net worth. At Lisa Baker Canterberry, Attorney at Law, we understand the challenges you are facing, and we are here to help.

When you hire our firm, we will:

• Review your financial situation and help you understand what property is subject to division
• Help you understand the property division laws in Collin County
• Help you understand what property is considered to be separate property and what property is considered to be marital property
• Help you understand how the court is likely to divide your property
• Help you understand what property division options are available to you
• Help you understand the potential tax consequences of dividing your property
• Help you understand how to protect your separate property

Call our firm today at (972) 608-3128 or contact us online to schedule a consultation with our property division lawyer in Collin County.