thewetumpkaherald.com | Elmore County's Oldest Newspaper

Remedies For Wasting Marital Property While Divorcing

Fort Worth, United States - May 31, 2023 / Schreier & Housewirth Family Law /

Schreier & Housewirth Family Law, renowned for their comprehensive service and expertise in navigating intricate family law matters, have recently shed light on the issue of 'waste of marital property' and the available legal remedies during a divorce.

Schreier & Housewirth on Addressing Marital Property Waste Concerns

Divorce attorneys frequently grapple with questions regarding the protection of marital assets during the divorce process. The experts at Schreier & Housewirth emphasize that understanding marital property waste and its implications is vital for achieving a fair settlement.

Greg Housewirth, the co-founder of Schreier & Housewirth Family Law, explains, "Misuse, waste, or fraudulent disposition of the marital estate can severely disrupt the financial equilibrium post-divorce. If there's a suspicion of a spouse deliberately diminishing or disposing of marital assets, it's critical to alert your divorce attorney right away. At Schreier & Housewirth, our experience with complex cases has given us a deep understanding of Texas family law. We aim to secure a fair settlement for our clients, often involving the crucial step of addressing marital property waste."

Understanding Post-Divorce Asset Distribution

Decoding property division during divorce can often be an intricate task. While Texas follows the community property law, it doesn't guarantee a direct 50/50 split. Assets and debts acquired during the marriage are typically subject to division, but factors like the spouses' earning potential, custody of children, fault in the breakup, and waste of marital property are also considered. The expert divorce attorneys at Schreier & Housewirth can help guide individuals through this perplexing process.

Schreier & Housewirth's Advice on Precautions During Divorce Proceedings

Certain actions should be avoided during a divorce. Concealing, selling off, or wasting marital property can lead to severe legal consequences. By engaging a reputable divorce law firm like Schreier & Housewirth, individuals can navigate the complexities of divorce laws and ensure their rights are protected.

Navigating Property Division in Divorce with Schreier & Housewirth

Not all assets are split 50/50 in a divorce. Texas law mandates a 'just and right' division of the marital estate. An experienced divorce attorney from Schreier & Housewirth can aid in securing a fair distribution based on individual circumstances. Factors like the length of the marriage, each spouse's health, custody of children, differences in the spouses' earning power and employability, and any waste of community assets are considered.

To get more information about the remedies for marital property waste during divorce, please visit Schreier & Housewirth's Family Law blog post here.

About Schreier & Housewirth Family Law

Schreier & Housewirth Family Law, a leading divorce law firm in Fort Worth, Texas, takes pride in their professional team of divorce lawyers committed to providing comprehensive legal representation in family law matters. They are dedicated to helping individuals navigate the emotional and legal challenges that come with divorce, child custody, adoption, and other related areas.

The insight of board-certified family attorneys at Schreier & Housewirth is invaluable when facing any family law issue – call them today at (817) 753-8565 for help!