Equitable Distribution
For divorcing couples, this life-changing event may not only influence emotions but also financial circumstances. The courts generally try to make a divorce settlement as fair as possible. Equitable distribution is a term used by the courts that refers to dividing assets in a fair manner based on the financial circumstances of the spouses.
If you are considering divorce, it is important to speak with an attorney about the division of your assets. Having legal help during this time is crucial in protecting your rights. Contact a Houston divorce attorney at Garg & Associates, P.C., today at 281-362-2865.
Factors in Equitable Distribution
The term “equitable distribution” can be misleading. The division of assets following a divorce will not necessarily be exactly equal. The following are factors that may be taken into account when deciding on a fair settlement:
- Salaries of spouses
- Property ownership
- Length of marriage
- Age
- Health conditions
- Number of children
- Relationship with children
- Reason for divorce
Once these factors are carefully considered by spouses and their lawyers, a couple may be able to reach a fair agreement out of court, saving both time and money. However, it is important to fight to get the support you need from a settlement. A Houston divorce attorney at Garg & Associates, P.C., can help.
Contact Us
The laws regarding the distribution of assets following divorce are complicated. It is important that you are not taken advantage of in this process so that you do not end up receiving less than you deserve. Contact a Houston divorce attorney of Garg & Associates, P.C., today at 281-362-2865 to learn more about your legal options.
