Texas courts are authorized to divide assets earned or accumulated during the course of your marriage. Courts cannot divide “separate property” – assets owned prior to or inherited during marriage and monetary compensation for pain and suffering in tort actions. Those assets typically stay with the original owner.
When disagreements arise between spouses over whether an asset is separate or community, asset tracing may be necessary to properly characterize the status of the asset.
Asset tracing and characterizing marital assets are very complicated and convoluted family law concepts. At Calabrese Huff we appreciate the impact on you and your family of correctly tracing and characterizing your assets and your liabilities. Calabrese Huff lawyers’ big firm backgrounds and experience in handling complex estates means that you will get the help you need to ensure you receive what you are entitled to.
If you are concerned what will happen to your assets, contact us to schedule a consultation.