Community Property and Divorce
Something to consider in divorce cases is whether the parties have acquired property during the marriage. Texas is a community property state. Community property is defined as all property acquired during the marriage that is not separate property. Separate property is defined as property acquired before the marriage; gifts; devise or inheritance. Depending on the type of property, there are special rules and formulations for the different types of property like rentals, trusts, stocks bank and retirement accounts. It is important to have an attorney during a divorce or to litigate or reach an agreement to help protect your property.