Community Property

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When you are going through a divorce, you will surely not just be dealing with the division of your marital properties – you might have to deal with debts in a Texas divorce too. The rule that applies to properties applies to debts in a Texas divorce too. The ones that have accumulated during the span of your marriage will have to be shared between you and your spouse. On the other hand, those that you have acquired before your marriage you will have to bear responsibility by yourself because it is considered separate property. Both spouses will not be […]

FAQs: Debts in a Texas Divorce

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Knowing whether a property is characterized as community or separate is very important when you divorce.  When filing for divorce, if there is no agreement between the spouses as to the division of the property, the court will be the one to decide on this matter. Texas Law on Community Property Texas follows the rules on community property when it comes to the property of the husband and wife. Community property essentially means that most, if not all, of the properties acquired during the subsistence of the marriage belong to both the spouses. This type of property settlement follows the […]

What Happens to the Community Property after Divorce?

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In the past few years, people are entering marriage at a later age. They seek to explore first and pursue their individual ambitions. As a result, many of them already have assets prior to marriage. Many of them have an interest to protect their assets. This is also why prenuptial agreements have become more popular. Revisions in the Prenuptial Agreement Prenuptial agreements clarify property distribution, which can help narrow down the community property in case of divorce. The couple specifies some properties as separate property with a prenup. Of course, subject to conditions of the law.  Couples can actually revise […]

Divorce Issues: Prenups Need to be Revised After Life Events

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The State of Texas has laws and guidelines implemented to ensure that estate administration is orderly and fair for all parties. They also address the key questions regarding the management and the beneficiaries of the decedent’s property and assets.  Who can assume the role of the administrator? The decedent nominates the administrator or executor. The probate court will then officially appoint him/her. He/she also has the consensus of the heirs. In case the decedent did not have a will or has not nominated an administrator and or was not able to prepare a will, the court will assign one of […]

Texas Guidelines on Estate Administration

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When two people marry, it is not just a union between two individuals, but a union of two families. The influence of the family will reflect on the marriage. The differences in values and culture could spell the difference between a harmonious marriage and one that ends in divorce.  The big question is whether the influence extends to the financial status of the couple. If marriage binds them, will divorce effectively cut all ties? Inheritance and the Limits of Community Property The State of Texas follows the principle of community property. That means they consider the properties of the married […]

Is My Spouse Entitled to My Inheritance When We Get Divorced?

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One thing is for certain, if you want to avoid the complications from issues associated with community property, you need to know more about it. When you have ample knowledge of how it works and how to manage it properly, you’d be able to avoid the nasty complications of community property issues. If you are thinking of or in the process of getting a divorce, you might have come across ‘community property.’ These two words can play a huge role in your divorce but you may not know it quite well yet. A lot of questions should be on your […]

How to Effectively Guard Yourself Against Community Property Issues