When it comes to marital property laws, Texas stands out as a community property state. This means that most assets and debts acquired during a marriage are considered jointly owned by both spouses. Whether you’re planning your financial future, going through a divorce, or preparing an estate plan, understanding Texas’s community property laws is essential.

What is Community Property?

Community property refers to assets and liabilities acquired by either spouse during the course of a marriage. In Texas, community property includes: Income earned by either spouse during the marriage, Property purchased with income earned during the marriage, and Debts incurred during the marriage.

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