How San Antonio Divorce Lawyers Compute Total Assets

One of the trickiest factors in any divorce is the division of assets. If there’s no prenuptial agreement, even the question of who came into the marriage with what can be difficult for couples to agree on. Making choices about what to do with marital assets can be painful, stressful, and difficult to work through, even in an otherwise uncontentious divorce. The issue of spousal support payments or funding for the support of minor children can be especially vexing. Having an idea of how San Antonio divorce lawyers calculate assets for the purpose of support payments or property division may help you navigate your situation more effectively.

Texas is a community property state. As any San Antonio divorce lawyer can tell you, this means that nearly all earnings, purchases, winnings, or other infusions of cash or property belong to both spouses. During a divorce, all community property is divided equally. The property each spouse owned at the time of the marriage remains their own under most circumstances. San Antonio divorce lawyers will call for payments from wages, work bonuses, profit sharing, 401(k) accounts, and other work-related payouts to be divided equally between spouses. This may involve notifying one spouse’s workplace about the new financial arrangements to insure both parties receive payments in a timely manner.

If one or both spouses own a business, dividing this asset may be more difficult. San Antonio divorce lawyers will evaluate the overall value of the business based on its profits, income, and goodwill value in addition to its market value should the business be sold. Goodwill value refers to how the business is viewed in the community. While that may seem incalculable, an experienced family law attorney can help to ensure a fair distribution. Whatever the particulars of your situation are, San Antonio divorce lawyers will strongly advocate for a settlement you find fair and equitable.

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