Laredo Large Marital Asset Attorney
When you realize that your marriage will be ending in divorce, one of the major questions that need to be answered is how you will unentangle yourselves financially. You will need a large marital asset lawyer in Laredo. In most marriages, the spouses have intertwined their lives and financial situations by buying property together, making investments, and opening credit cards. When you get a divorce, you need to untie all of those knots, so that you can both move forward as separate financial entities. To make sure this is done equitably, you need a knowledgeable divorce attorney on your side. That’s why you should call Rudy Santos Law to help with your Laredo divorce.
Essentially, two kinds of large marital assets need to be considered in your divorce decree, community property, and separate property.
Types of Material Assets
Separate property and debt will continue to belong to the same person it has always belonged to
Community property is everything that cannot be proven to be separate property. This could include a home, a business, a vehicle, retirement accounts - basically anything purchased during the marriage
These can be a significant source of a couple’s wealth, which is why they must be split in a way that is just and fair
Your marital home is typically the largest property that you share, and you will need to decide if you will sell it and split the proceeds, or if one partner will buy the other out of the mortgage
Keep in mind that a divorce decree does not change other legal agreements that you have entered
Every marriage is unique, and you and your partner will likely have many questions about your rights to various assets and the most effective way to divide your large marital property.
Disagreements about finances are often one of the most contentious aspects of a divorce and are the reason that many couples are not able to effectively use the mediation process. It is also a situation where it is easy for one person – the one who wants to be easygoing and simply get the whole thing over with – to be taken advantage of. To make sure your division of property is equitable and fair, make sure to have a good divorce lawyer on your side. If you are facing a divorce in the Laredo, Texas area, give our Laredo large marital asset lawyers a call today.
When you contact Rudy Santos Law, you will be working with a lawyer that helps you navigate the complexities of marriage. Together, we can help discover a legal solution that fits your family.