In a
Texas divorce, courts divide property using the community property model. This means that all property obtained during the marriage is owned jointly by both parties and must be divided fairly between the two spouses. Even if the property is only in your name, it is community property if you acquired it during your marriage. This does not always mean an equal division. Instead, the court will consider the rights of each party and any children involved in making a decision.
Property subject to division may include:
Land
Cars, boats and other vehicles
Financial accounts and income
Retirement benefits
Long-term investments
Marital debts
Businesses
If you owned any property before your marriage, or it was acquired by gift, inheritance, or a legal settlement is separate property not subject to division. This can be confusing, especially if you and your spouse have
significant assets. Sometimes, spouses may agree on how to split their property. In these cases, a judge will usually approve the arrangement. However, you should always work with an experienced divorce attorney to ensure you get the property you want and need.
