El Paso Family Law Attorney
Equitable Distribution Laws in TX
Equitable distribution is also known as property division. This is the
process of separating and differentiating one’s assets from the
spouse’s when going through the divorce process. If you are seeking
assistance in determining equitable distribution in your case, please
do not hesitate to call an
El Paso family law lawyer from the
Law Offices of Ruben Ortiz today.
What Does Equitable Distribution Mean?
Equitable distribution does not necessarily mean that both spouses will
share their assets 50/50 after they have divorced. Rather, the courts
will decide what is fair for each spouse and what will not leave one or
the other at a disadvantage. For example, one of the issues that couples
tend to argue most is about the marital home—to whom does it belong?
Other questions will arise, such as who will pay for any remaining debts?
Marital property can run a broad range of matters, such as:
- Real estate
- Bank accounts
- Business expenses
Keep in mind that all separate property is not included in equitable distribution
matters. Separate property includes any possessions or items that were
given prior to the marriage, such as gifts or inheritances. So, let’s
say that you bought and maintained the home with assets that remained
separate throughout the marriage, the home would belong to you.
Ask an Experienced Attorney for More!
To protect your assets from being subject to equitable distribution, you
should first consult an El Paso family law lawyer. Law Offices of Ruben Ortiz
more than 15 years of experience helping families overcome nearly every challenge imaginable. He can examine
every aspect of your case to help you work through what must one of the
most difficult challenges you might ever have to face. Attorney Ruben
Ortiz is committed to seeing your needs met and getting you the satisfaction
that is most favorable.
Be sure to
contact Law Offices of Ruben Ortiz today by calling (915) 308-8850.