Bee Cave Complex Property Division Lawyer

Bee Cave Complex Property Division Attorney

It can be confusing to fairly divide marital assets during a divorce. When you have a complex property that requires special consideration, you want to guard against your assets being under- or overvalued and changing how the marital assets are distributed. There are many short- and long-term considerations during property division. A Bee Cave complex property division lawyer can help value assets for equitable distribution.

Hire a Complex Property Division Lawyer

Even the most amicable of divorces can become contentious when couples start dividing their community property. When you hire a complex property division lawyer from Jimmy Vaught of Counsel for the Eggleston Law Firm, you gain an ally who safeguards your interests and guides the process so you receive fair compensation during asset division.

Divorce Rates in Texas

According to the National Center for Health Statistics, as of 2023, the divorce rate per 1,000 people in Texas is 2.1. Texas has the eighth-lowest divorce rate in the United States. In Bee Cave, of the population of 8,862, 59% of residents were married as of 2024. During the same year, 10% of male residents and 13% of female residents were divorced.

If you are seeking a divorce and live in Bee Cave, your divorce petition is filed through the Travis County District Clerk and processed in the family division of the Travis County Civil District Courts located in Austin.

Types of Complex Property

Texas does not adhere to a strict 50/50 division when separating community property during a divorce. Instead, property division is decided by what a judge considers “just and right.” When property division includes complex property, it can be difficult to achieve fair distribution if the items are not appraised properly.

When items are undervalued, it creates an unfair distribution where one spouse receives less than what would be considered just and right. Likewise, if an item is overvalued, the spouse who receives that item is also receiving less value than what should be considered just and right. Some types of complex property include:

• Businesses: When a business is owned by one or both spouses, it has to be properly valued before it can be divided. Future liabilities and revenue have to be taken into consideration.
• Investment real estate: The fair market value for every property considered community property has to be determined, and a decision has to be made whether to sell the properties or divide them.
• Retirement accounts: When a retirement account is established before the marriage begins, it can be more complicated to determine which percentage of the account can be claimed by which spouse.
• Foreign assets: Items that are physically located in another country have special considerations.
• Commingled assets: When assets begin as separate property but are joined with community property, they become commingled, and it can be difficult to trace commingled property to prove separate ownership.

Contact Jimmy Vaught of Counsel for the Eggleston Law Firm

Many types of complex property could be part of your divorce process. These items need to be fairly appraised and distributed so each spouse receives a fair share of the marital assets. If items are not appraised properly, one spouse’s share could be undervalued. Contact Jimmy Vaught of Counsel for the Eggleston Law Firm today to schedule your initial consultation.