Separate Property Inheritances
Houston Divorce & Property Division Attorneys
Property division can be one of the most important and complex parts of a divorce. Divvying up personal property is a major undertaking, and how it’s done depends on many factors: from what the property is to how spouses approach proceedings. If there’s an inheritance, a number of challenges can arise.
The family law team at Hendershot, Cannon & Hisey, P.C., has become known for dynamic negotiation and litigation, and for our meticulous approach to protecting clients’ rights, interests, and most prized possessions. That includes separate property inheritances such as:
- A family home, generational land, and real estate
- Stocks, bonds, and liquid money
- Ranches, farms, and livestock
- Businesses and professional practices
- Oil, gas, and mineral rights
- Physical assets and rare antiques
- Intellectual property
Protecting Your Property in a Texas Divorce
In any divorce where there’s property to be divided, the first and most important step is to determine what belongs to whom. That’s because Texas is a “community property” state where only property owned by both spouses is subject to division. By definition, separate property is yours to keep – provided you’re able to prove it.
Because Texas law presumes all assets in divorce to be community property, everything is theoretically on the table. Overcoming the presumption requires evidence and a great deal of work.
Our legal team has experience handling a range of complex property division proceedings involving inheritances and separate property, and can assist clients with:
- Characterizing assets
- Forensic asset tracing
- Hidden assets and marital fraud
- Large marital estates and high net worth
- Valuation and appraisals
As a firm nationally recognized for our work in business litigation, we understand the financial stakes involved in dividing assets and debts during divorce – and why it’s critical to protect clients’ rights and property, whether they have an inheritance, or are entitled to a share or marital assets due to their contributions or commingling. If you have questions about an inheritance or any divorce-related matters, our legal team is available to review your situation, discuss your options, and explain how we may be able to help.
Hendershot, Cannon & Hisey, P.C. serves clients throughout Houston and the state of Texas. Contact us to request a consultation.