Division of Property in San Antonio, Texas
Texas law charges the courts to divide a couple's community property in a "fair and equitable manner". This may suggest
a 50/50 division of the parties' property, but may also suggest a 40/60 division. An experienced divorce lawyer can help
you understand the issues a court may consider in determining a "fair and equitable" division.
When considering how a court should divide marital property it is important to understand the distinction
between separate and community property. Texas law prsumuse that any interest acquired during a marriage is community property. Separate
property is property that was either brought into the marriage (owned prior to marriage), or a gift to one of the spouses. This same presumption applies
to debt accumulated during a marriage. Of course, a premarital agreement can change this presumption. Also the courts have the
authority to divide assets and debts in a "just and equitable" manner, and aren't required to make a 50/50 split.
Spouses with separate property should be careful to ensure they understand the rules required to avoid accidentally comingling
their separate property with community property. The advice of a competent attorney is invaluable here, and can really save your ass-ets.