If everything were equal, property division would be easy. Everything could be split in half and each spouse would walk away with the same amount. But that approach doesn't work in the real world. How do you split a house in half? A car? The family dog? And assets like bank accounts that could be split in half maybe shouldn't be. So there are laws in place in Texas designed to reach a division of property that is just and right.

Division of Property

At Lloyd & Associates, our attorneys know Texas family law. We come to these cases with decades of experience and a commitment to protecting your best interests. That means learning about the assets that are important to you and keeping them safe, while taking the steps necessary to see that you can comfortably move on with life after divorce.


Texas is a community property state, so one of the first steps that needs to be taken is to parse out your separate property. This is primarily property that you accumulated prior to the marriage. This is yours to keep and not subject to division. However, this can be complicated when an asset was initially acquired prior to marriage and then paid off during the marriage, such as a house. We know how to address such complications.

All marital property is subject to division. It does not have to be divided 50-50, although that often works as a starting point. The law requires a just and right property division. But what does that mean? There are many factors that need to be taken into consideration to determine what is just and right, from the length of the marriage to each spouse’s earning capacity. Our lawyers will review all such factors to pursue the outcome that is right for you.


Property division can get complicated fast, particularly when high-dollar assets are involved. Maybe you have a family home. Maybe you also have rental properties and real estate holdings throughout Texas or in other states. Perhaps you have substantial investment accounts and income. Do you own a business? A professional practice?

As a law firm firmly rooted in North Texas, we have established a network of experts to draw from to help us gather and analyze the facts in these cases. Depending on the specifics of your divorce, we may bring in certified public accountants, appraisers, experts in business valuation and more. We’ll assemble a team dedicated to helping you keep what is rightfully yours.


Discuss asset division in divorce for free. Count on us for representation with honor and integrity.
Call 940-381-2600 or send an email.

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