Marital Property Division

Dividing Assets in Your Texas Divorce

Texas law requires that your marital assets and debts be split equally. The divorce lawyers of The Parker Firm make sure that you get your fair share in property division, and offer solutions for assets that are not easily split.

We encourage out-of-court settlements to conserve the resources you will need to establish two separate households. But if the other party is uncooperative or hiding assets, you are represented in marital property litigation by board-certified family law attorneys.*

Property Division

Texas is a community property state. This means that all wealth accumulated during the marriage is evenly divided, unless there is a prenuptial agreement or parties agree to an uneven split.

Our attorneys are skilled at identifying joint and separate property, and determining the accurate value of assets for the trading to reach a marital property settlement. We have extensive experience with high-asset and complex estates, as well as property division for couples with few assets:

• The family home and other real estate
• 401(k), IRA, pension and other retirement funds
• Stock accounts and savings
• Closely held businesses
• Cars and possessions
• Jointly held debts

The Parker Firm can advise on whether it is feasible for the custodial parent and kids to stay in the home. Keeping the house may be accomplished by trading for retirement assets or other property, or it may be necessary to sell the house and divide the proceeds.

We encourage mediation or collaborative law as alternatives to a court battle over assets. But if property division cannot be accomplished by these means, George Parker and Danny Garner are capable litigators who can advance your interests in court.

The law firm of The Parker Firm, Attorneys at Law, serves Collin County and the Dallas-Fort Worth Metroplex. Call 972.562.2212 or contact us online.

* George Parker and Danny Garner are certified as Family Law Specialists by the Texas Board of Legal Specialization. They have more than 55 years of combined experience.

For more information regarding our Family Law practice, visit our

Frequently Asked Questions

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The Parker Firm,
Attorneys at Law
121 S. Tennessee Street
McKinney, TX 75069
Phone: 972.562.2212
Phone: 972.578.7611
Fax: 972.562.0166
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