Sherea Vitelli’s Legal Blog

Now that you have decided to get divorced it is time to start the division of your assets.  Here at Smith & Garg, LLC, it is our general practice to deliver to our clients a blank form called inventory and appraisement.  This is document which details your assets and liabilities.  It is generally required by all courts before a final hearing.  Now if you are satisfied with your knowledge of your assets and liabilities then we discuss that with clients on a case by case basis if the inventory is necessary. 

If it is an uncontested divorce with minimal property then it is generally our policy not to have our clients complete the inventory and appraisement document detailing their assets and liabilities.  On the other hand, if it is a large battle regarding the assets we do require it.  We also have our clients fill it out as early as possible in the divorce proceeding because this is another tool we use when drafting discovery request.

Once the division of community and separate property is determined then we can divide the assets in a fair and just distribution.  Keep in mind that during the negotiation of your community property assets you are also dividing the debts/liabilities between the parties as well.  Here at Smith & Garg, LLC we strive to achieve the best possible negotiation possible for our clients.

Here at Smith & Garg, LLC we like to take a totality of the marital estate.  We take in the assets from community and separate property along with the liabilities from both the separate and community estate and negotiate a fair and equitable settlement.  Stop and think about it for a minute, the more involvement you have over your marital estate the less a Judge in the State of Texas will tell you how to divide your assets.  Keep control and let me help you in your divorce process.