Navigating the Division of International Foreign Assets in Divorce

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Divorce is never easy, and the financial decisions that arise during the proceedings can add to the complexity. If you and your spouse own international assets, it's crucial to have an attorney experienced in dividing foreign assets. Rose Sanders Law Firm is here to help you navigate this challenging process.
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Is International Property Considered Community Property?

Foreign assets obtained during a marriage are typically considered community property in Texas, which is a community property jurisdiction. This means that any property obtained during the marriage belongs to both spouses. 

However, this can be contradicted if one spouse provides substantial evidence that the property is separate. Property acquired before the marriage, whether purchased or gifted, is considered separate property. Although Texas law is clear on property classification, international laws may have different rules, impacting the division of assets in a divorce.

Uncovering  Hidden Assets and Valuing International Property

Both parties are required to disclose all assets during a divorce. While locating domestic property is generally straightforward, uncovering hidden assets can be challenging and time-consuming, especially in countries with strict privacy laws. If both parties honestly disclose all assets, including international ones, determining the property's value is the next step. 

This often requires hiring an appraiser to assess the property's worth, allowing the court to decide how to proceed with the division.
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Facing a Divorce Involving International Property?

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Suite 100 Houston, TX 77046
713 221-3773