Texas Community Property Law

Texas community property law generally states that assets and debts acquired during a marriage are jointly owned by both spouses, regardless of who earned or incurred them. Upon divorce, these assets are divided equally, though spouses can agree otherwise. Property owned before marriage remains separate, unless it’s commingled or converted into community property. This legal framework aims to ensure fair distribution and recognize the contributions of both spouses during the marriage. It’s important to note that community property law applies during marriage and at termination, such as divorce or death, influencing property rights and estate planning.