For many people facing divorce one of their primary concerns is the fear that they may lose a large portion of their hard-earned possessions, if not all. For this reason, the protection of their assets in a divorce is one of their highest priorities.
It is fortunate that during property settlements, Texas law is very specific as to what is and what is not subject to the division of marital assets. A clear assessment on what assets are considered community property and which ones are considered separate property is the foundation of an effective asset protection strategy.
At The Gilmet Law Firm, Houston asset protection attorney Yexenia Gilmet is highly skilled and has a thorough understanding of the process of property valuation and can provide our clients with the asset protection they deserve. Please contact us online or call or law office today at 713-840-0823 for a free, confidential consultation where we can answer your questions and discuss your specific concerns in detail.
Generally assets such as real estate, business interests and inheritance acquired by one spouse prior to marriage as well gifts or inheritance acquired after marriage are considered separate property and therefore not subject to division in a Texas divorce. These assets are protected by law.
However, it is important to take the appropriate measures to make sure these assets do not become commingled with marital assets and thereby complicate the process and make protecting these assets more difficult. If this is a concern, attorney Yexenia Gilmet can consult with you on the appropriate steps to take.
In complex marital estates, many properties are a combination of community and separate property. At the Gilmet Law Firm we can carry out an effective and precise valuation of your marital estate and not only assess whether or not it is subject to division but as to what degree as well.
When it comes to investment and retirement accounts and trust funds it is especially important to take quick action when protecting your interests in these properties.
Contact us online or call 713-840-0823 today for more information on divorce and property division laws in Texas and how they apply to protecting your properties. Let us put our knowledge and experience to work for you.