Separate Property and Divorce
When couples decide to join in a legal union, they typically promise to support one another and share any property and assets that are acquired during the marriage. While the recognition of a couple as a legal entity can provide benefits like insurance assistance, options in the event of illness or death, and other legal rights, it can make the separation of two individuals very difficult.
If a couple decides to divorce, they are often forced to assess their assets and determine what is “shared property” and what is “separate property”. In general, assets that were obtained during the marriage will be considered “shared” by the court, but persons may be able to retain property gained prior to the marriage. For more information on divorce and property division, contact the Houston divorce attorneys of Garg & Associates at 281-210-0010.
What is Separate Property?
The court may determine that certain types of property can be considered separate from the divorce proceedings, including:
- Inheritance
- Property acquired before the relationship started
- Family heirlooms
- Gifts
- Property given to the individual through a trust
- Property purchased separately through the division of a shared asset
Persons may also be able to separate property by declaring that certain assets remain separate from the union through a separation agreement.
Contact Us
The Houston divorce lawyers of Garg & Associates understand how difficult a divorce can be, and are here to help provide you with compassionate and responsible legal assistance. For help with your case, contact us at 281-210-0010 today.
