Equitable Distribution
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