With the economic conditions of recent years, the issue of marital debt is often as important in divorce as marital assets. Just like marital property, marital debts are supposed to be divided equitably among spouses. The key is making sure that all financial information is available and that all marital debts are properly accounted for.
Although Texas is a community property state, judges can deviate from a 50-50 division of marital debt. At Sisemore Law Firm, P.C., we have the knowledge and resources to account for all marital assets and debt and ensure that the division in your divorce represents your best interests.
Dividing assets and debts in a divorce is not a one-size-fits-all proposition. Our attorneys tailor legal strategies backed by our extensive experience to ensure that debts accumulated during the marriage — such as credit card debt and medical debt — are accounted for and divided according to Texas’ community property laws.
We work to find creative solutions that account for marital debts that protect our clients from the debts incurred by their spouses. We work with a variety of experts, including forensic accountants, financial advisers and tax specialists when necessary to make sure that all potential issues are properly accounted for.