Community Property Lawyer With Financial Expertise
Dividing property while you are going through a divorce can be overwhelming. An attorney will help you negotiate the division of marital property, including your home and personal items.
I am Michael Suffness, an experienced family law attorney in Plano, Texas. My practice is not a large, impersonal law firm. When you are getting a divorce, you need a compassionate lawyer who will listen to your individual needs. That’s what I offer my clients — straightforward and caring counsel. Together we will determine your priorities in dividing assets and work to achieve your desired result.
Equitable Distribution of Marital Property
In Texas, asset division is governed by the legal theory of equitable distribution. While equitable distribution sounds like marital assets are divided 50-50, the outcome is based on the judge’s discretion in evaluating several factors:
- Length of the marriage
- Income of both spouses during the marriage
- Support during the marriage
- Individual property owned by each spouse
- Custody and visitation of children
Benefits and Retirement Division
In addition to your home and personal belongings, retirement and other benefits may be divided during divorce. The laws regarding benefit division are complex. I am adept at handling complicated financial and benefit division issues and will provide you with experienced representation on dividing the following benefits:
- 401(k) benefits
- Military retirement benefits
- IRA or Roth IRA
If a judge determines that benefits must be divided, a special order will be made that requires rolling over your benefits to the spouse. In preparing for divorce proceedings, I can counsel you on how to protect your assets. While you are going through a divorce, I will skillfully represent your interests and act as your advocate on property division issues.