How Is Property Divided in a Divorce in Texas?
Texas is a community property state. This means that all property and debt that was acquired or earned during a marriage (meaning, from the date of marriage until the date of divorce) is community property, unless one spouse can prove that one or more assets are separate property.
When spouses...
Texas Divorce: House Bought Before Marriage
Apart from issues involving children, the most pressing concerns in the vast majority of divorce cases are centered around property division; and, if you are like most couples in Texas, the single biggest asset that you and your spouse own is your house.
When exactly that house was bought...
Who Gets the House?
In most divorce cases, the parties’ most valuable asset—from both a financial and sentimental standpoint—is the marital residence. Accordingly, how the house is “divided” by the court is frequently a hotly contested issue. Like any other asset, a house can be community or separate property. Under the Texas Family Code, community property...