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Few attorneys have experience and knowledge to deal successfully
with property issues involving large estates. With more than 25
years of experience, this law firm can represent their clients with
complex divorce property issues.
Here are examples of such complex divorce property
issues:
real estate, residential, commercial, farm and
ranch
Oil and gas royalties and other mineral interests
Employer benefits and retirement plans
Stock options
Separate property characterization and tracing
Deferred compensation plans
Economic contribution and reimbursement claims
Insurance issues
Intellectual property issues, copyrights and patents.
Significance of characterizing property
This firm has represented clients with large estates involving separate
and community properties. Separate property is property acquired
prior to marriage, or during marriage by gift, inheritance, or the
non-economic recovery in a personal injury case. Community property
is all property obtained during the marriage except separate property.
The law only permits a court to divide community property. The court
may divide the community property as the court deems just and fair
with regard to the rights of each party and any children of the
marriage.
Under the Texas Family Code, the law presumes that
all property possessed by either party is community property. It
is critical to prove that the separate property is not community
property. This firm has years of extensive experience of representing
clients to preserve their separate property.
Property may be divided in a divorce as well as
from the death of a spouse or through a will or a prenuptial agreement.
If your spouse were to die prior to the granting
of a divorce, how would the assets be divided? Does your spouse
have a will? Does your spouse have a designation of beneficiary
in a life insurance policy (if so, who is the beneficiary?) Do your
spouse have a revocable living trust and are you the beneficiary?
How are you and your spouse listed as the grantees on a deed? (do
you own the property or do you have a life interest in the property?)
These are matters we will need to review when we meet to go over
your assets.
Examples of separate property and reimbursement
claims
Carlton Hughes represented a wife where her husband had provided
$36,000 from his separate property for the purchase and building
of the community property home. Over 10 years later after that separate
property contribution to the community property, his attorneys in
the divorce traced the money from a trust that pre-existed the marriage.
The Family Code provides for a complicated reimbursement of the
community to his separate property. His attorneys argued and demonstrated
that he should receive $152,000; Mr. Hughes didnt deny the
claim for reimbursement; rather, Mr. Hughes showed that calculation
was done incorrectly and that his reimbursement claim should be
$36,000. Result: The court awarded $36,000, instead of $152,000.
In another case, Carlton Hughes represented a spouse
where there was a question about whether two pieces of property
were separate property or community property and whether the other
spouse had committed a fraud on the community. In the specific case,
the husband had convinced a title attorney that he was the owner
of the property and the title attorney authorized a correction deed
to change the grantee on two deeds; this constituted fraud because
the title company ignored his clients deeds that had been
on file for 10 years. Carlton Hughes ended up having to sue a mortgage
company and to resolve whether the deed of trust applied to his
innocent spouse client. Result: the court held that the property
was community but that the deed of trust did not attach to Mr. Hughes
clients interest in the property.
Contact this firm
If you wish to schedule an appointment, go to the attorney contact
page on this site or call us at 972-384-4505.
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