Texas is a “community property” state. After marriage, most income earned by each spouse is automatically jointly owned by both spouses. Many times, a divorcing couple will agree together on how to divide their community property.
However, equitable distribution comes into play when divorcing couples cannot agree. The term “equitable distribution” doesn’t necessarily mean assets should be divided on a fifty-fifty basis. There are many factors to consider in trying to decide is equitable. These include, but are not limited to:
- Fault in the demise of the marriage;
- Earning disparity between the spouses;
- One spouse’s contributions to the community estate;
- The value of having a spouse working in, as opposed to outside, the home;
- One spouse’s contribution to the education of the other; and
- The amount of separate property each spouse possesses.
The determination of an equitable distribution of property is complicated. We are experienced in making these determinations and dealing with all of the relevant issues in negotiations and in court.
In order to best assist you with any potential equitable distribution issues or questions, call the offices of The Spencer Law Firm today at our toll-free number: (888) 237-4529, or use our contact form.