Texas Divorce: Dividing Property

Texas Divorce: Dividing Property

All earnings attained and home obtained by either partner through the wedding belongs to both partners similarly

Texas is exactly what’s called community home state. Which means all income received and home obtained by either partner throughout the wedding is community property and belongs to both partners similarly, they divorce so it must be split equally between the spouses when. Likewise, all debts that either partner incurs throughout the wedding are believed community debts and are part of both partners similarly. Nonetheless, then the court may order an unequal result if there are “just and right” reasons why the assets should be distributed differently.

Presumption of Community Property

The court starts a presumption to its evaluation that all home held by either spouse during wedding is community property. Texas legislation defines community property as any home obtained or acquired during wedding that isn’t split home. a partner who would like to keep a secured asset clear of unit must show by clear and convincing proof that the asset is split home. Continue reading “Texas Divorce: Dividing Property”