Asset division can often become fairly contentious in a Texas divorce. Texas follows a community property division system, which means that everything the couple owns is split 50/50, regardless of the circumstances of the divorce.
However, many couples have property that go beyond just the financial value, but instead hold significant sentimental value, such as a piece of art or jewelry. How do the courts address these types of asset division issues and how can you and your spouse avoid a drawn-out fight over who gets to retain the item?
Item Details
The little details about the item can make a difference. For example, the date, or approximate date, of acquisition can often decide who actually has ownership of the item. If you or your spouse acquired the item before your marriage, it is your (or their) property, with no obligation to share or commingle.
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