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Posts tagged "equitable distribution"

Hiding assets can lead to litigation surrounding property division

The division of property is a very significant aspect of any divorce. In fact, the outcome greatly affects the financial well being of each party. In Texas, courts seek an equitable distribution of property rather than a 50/50 split. Any separate property, meaning anything not acquired throughout the course of the marriage is off limits for division. Community property, all property earned and acquired through the course of the marriage, could be subject to division but a court will look at factors like age, education, financial need and others, to determine how much each party should receive in the division.

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