COMMUNITY PROPERTY LAWS IN TEXAS
Know Your Local Laws
Laws vary from state to state regarding property acquired during a marriage. Texas is a community property state, which means any property that an individual acquires during their marriage, including real estate, retirement accounts, vehicles, is presumably considered community property to be divided by the Court in a divorce. Debts incurred during the marriage are also considered the responsibility of both parties when dividing the marital estate of the parties. However, there are some assets that can be considered separate property—such as property that one spouse owned before the marriage; gifts received by a spouse; or inheritance received by a spouse, for example.”
Get Experienced Legal Advice for Your Texas Divorce
An experienced attorney can help you understand the differences between marital and separate property and can advise you as to the best options for your house, property and retirement accounts during and following the divorce. Too often we have seen separating couples spend more time and money fighting over assets than the assets are worth. At Sandoval Law Firm, we strive to keep negotiations peaceful and ensure a fair and equitable division of property. Before filing for divorce, we recommend you consult with an attorney.
Contact Sandoval Family Law Firm
At Sandoval Family Law, we specialize in family law cases such as divorce and child custody. To speak with one of our legal experts, please send us an email or call 512-580-2449. We serve Travis County and Austin, TX.
Frequently Asked Questions:
What is community property in Texas?
Community property generally includes assets and debts acquired by either spouse during the marriage. These may include real estate, retirement accounts, vehicles, and other marital assets.
What is considered separate property in Texas?
Separate property may include assets a spouse owned before marriage, as well as certain gifts and inheritances received by that spouse. The specific circumstances and documentation can affect how property is classified.
How is community property divided in a Texas divorce?
The court divides the marital estate in a manner it considers just and right. Determining which assets and debts are community or separate property is an important part of the process.
Should I consult an attorney before dividing property in a Texas divorce?
Yes. An experienced Texas family law attorney can help identify community and separate property, evaluate assets and debts, and advise you on options for reaching a fair property division.