What is community property?
Community property is essentially any property as well as debts acquired during a marriage. This means that during a divorce, the possessions and debts of one spouse which were acquired while married are considered to also be equally owned by the other spouse. Prenuptial agreements or separation agreements can alter the status of community property. Texas is known as a “community property” state when it comes to marriage and divorce, so understanding these laws may be helpful.
If you are going through a divorce, the Colleyville divorce attorneys of Alexander & Associates may be able to help. We provide our clients with the best legal representation available to ensure that they achieve the desirable terms in their divorce proceedings. Contact us today at 817-756-4040.