What’s Mine Is Ours: Community Property in Texas Divorce
Texas is a Community Property state. When a couple resides in a Community Property state, the law deems that any property acquired by either member of the couple during the marriage is jointly owned by both members of the couple regardless of how the asset might be titled or whose labor earned the money. Characterization of assets as either Community Property or Separate Property can have a big impact on the value of your divorce settlement.