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Information provided by a Houston Property Division Lawyer
If you are involved in a divorce proceeding, it is important
to work with a Houston divorce lawyer regarding equitable distribution.
With equitable distribution, lawyers look at the financial situation
of each spouse and determine how it will change after the divorce
is final. Unlike a 50/50 split, the spouse with the better financial
situation may receive less of the assets.
Equitable distribution is a more flexible way of dividing
property between spouses. In most cases, a Houston divorce
attorney will examine the following factors when determining
equitable distribution:
- Earning power of the spouses
- Separate property
- Economic fault of one spouse
- Duration of marriage
- Age and health of spouses
- Responsibility of caring for children
- Spousal abuse of infidelity
All of these factors are significant when arriving on a fair
and reasonable equitable distribution. This way of dividing
assets ensures that each spouse is receiving what he or she
is entitled to. If you would like to learn more about equitable
distribution, contact a Houston property
division lawyer today.
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