While U.S. divorce rates have declined in recent years, the numbers remain sobering. According to the American Psychological Association, about
Whether a marriage has lasted one year or many, spouses often end up pooling many of their assets as well as sharing personal belongings. When facing divorce, deciding who gets what can be confusing and contentious. Texas couples should know that, if they cannot negotiate with each other about a fair division, the court will distribute property according to state law. This is why the assistance of a divorce lawyer is so important.
What is community property?
Along with eight other U.S. states, Texas is a community property state – meaning that nearly all property that either spouse acquires during the marriage is considered “community property” – and belongs to both partners equally. In addition to earned income, retirement benefits and investments, community property can include vehicles or real estate that one or both couples purchased while married, regardless of whose name is on the title.
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