Dividing the Property?
Texas is a “community property” state, which means that assets and debts acquired during your marriage will be divided approximately equally when you divorce. But not all property is considered “community property”: •For example, any assets you had before you married will be considered “separate property” if you kept that property separated from property acquired during the marriage •The income produced by a separate property investment is also separate property, as long as it hasn’t been “commingled” – mixed together with community money •Property you inherit from your family during your marriage will generally be considered your own separate property if it was willed exclusively to you and you did not commingle it with community assets during the marriage It’s important to collect all the information you can about all your property, including when you purchased it, approximately how much it is worth, and details such as account numbers, serial numbers and so forth. Collecting this in
