The Art Of Asset Tracing

In a divorce, so much effort is often put into fighting over the marital estate that opportunities may be missed to set aside and protect the property that is not subject to division — the separate property. Texas law requires that you prove that property is separate, and this is where the art of asset tracing comes into play.

The goal of asset tracing is to identify and locate where separate property and community property intersect and to put that separate property back in your column. Tracing is an accounting process that involves looking back at the history of any piece of property in order to show whether it is separate or community property. In many cases, thanks to commingling, a single asset may be a combination of both separate property and community property. Examples of asset tracing that we commonly address include retirement accounts, real estate, businesses, investments, trust funds and bank accounts held prior to marriage.

Asset tracing is critical to determining what property is yours and protecting it. Asset tracing can be used to challenge attempts by your spouse to misclassify community property as his or her separate property.

At The Law Office of Natalie Gregg, our attorneys will not allow this important facet of asset division to go overlooked. We are well-versed in the art of asset tracing and characterization. We will channel our knowledge and skill, working with forensic accountants and other trusted experts when appropriate, in order to pursue a positive outcome.

Talk To A Lawyer About Tracing Assets

From our law office in Allen, we handle divorce, property division and asset tracing for people throughout North Texas. Call 972-360-9727 or send us an email.