Dividing Your Assets and Debts in a Dallas Divorce
Properly dividing your assets and debts during a Dallas divorce is one of the most important steps in protecting your financial future — and it’s rarely as simple as splitting everything in half. Texas law has rules, exceptions, and even exceptions to those exceptions. Add in business valuations, tax implications, and complex negotiations, and it’s clear this process demands both experience and precision.
At The Ashmore Law Firm, our Dallas divorce attorneys help clients navigate every stage of property division with skill and fairness. We work to ensure you understand what’s at stake and that every asset is valued and divided properly.
Our Process: Clear. Accurate. Fair...For Asset and Debt Division in Divorce
We guide clients through each essential step to achieve a fair and just division:
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Inventory Every Asset and Debt – From homes and vehicles to retirement accounts, digital currency, and business interests, we ensure nothing is overlooked.
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Determine Community vs. Separate Property – Assets acquired during marriage are presumed community property, while those owned before marriage or received as a gift or inheritance may be separate.
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Accurately Value Each Asset – We work with forensic accountants and valuation experts to determine true market value — from real estate to closely held businesses and investments.
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Evaluate Tax Implications – Not all assets carry the same value after taxes. Our attorneys help you understand net worth, not just gross numbers, to avoid unpleasant surprises later.
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Negotiate or Litigate for What’s Fair – Whether through skilled settlement negotiation or presenting evidence in court, our team fights to protect your interests and ensure a fair result.
Texas Law on Property Division
Under Texas Family Code §7.001, community property is divided in a manner that is “just and right,” not automatically 50/50. Courts consider several factors, including each spouse’s earning capacity, health, financial needs, contributions to the marriage, and separate property holdings.
Our attorneys understand how to present evidence and arguments that align with these statutory factors to help you secure a fair outcome.
Valuation and Expert Analysis
When a divorce involves a business, professional practice, or complex investments, accurate valuation is essential. Ashmore Law Firm works with independent business valuation professionals and forensic accountants to uncover the true value of marital assets and identify any hidden or misrepresented property.
Our experts analyze financial statements, tax returns, and cash flow to ensure each asset is correctly valued and each debt properly accounted for — so the division is based on facts, not estimates.
The Importance of Tax-Aware Division in a Texas Divorce
A dollar isn’t always a dollar. Cash, retirement funds, and investments each carry different tax consequences. For instance, $100,000 in a savings account isn’t equal to $100,000 in a 401(k) due to penalties and taxes on withdrawals. We help you understand net value so your financial picture after divorce reflects true fairness.
