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1807 Westminster
Denton, TX 76205

940.387.0404

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You are here: Home / Archives for Community Property

Can I Modify My Divorce Settlement?

January 18, 2023 By Staff - s.r.

Divorce Settlement

Texas law makes it clear that a final judgment concerning the division of community property cannot be modified. Other orders, such as those for child support, child visitation, and spousal support can be modified if there has been a change in circumstances since the original order, but the order dividing community property cannot be modified. Even if it is discovered that one asset was not divided, that is not considered cause to modify the final judgment. There is one narrow exception. If the judgment was based on “fraud on the community,” the court may revisit the property division and … [Read more...]

Filed Under: Featured Tagged With: Community Property, Divorce Settlement, Texas

Are All Assets Community Property?

November 30, 2021 By Staff - s.r. Leave a Comment

Assets and divorce

When a married couple in Texas divorces, the law presumes that all property accumulated during the marriage is community property, which means it is owned jointly by both parties and should be divided equally between them. But all property may not belong to the community. One party may claim some assets as their own separate property. The law requires them to prove an asset is their own separate property by clear and convincing evidence. Assets Considered Community Property Assets that were accumulated during the marriage that are considered community property according to law … [Read more...]

Filed Under: Featured Tagged With: assets, Community Property

Divorce: Who Gets the House in Texas?

May 6, 2021 By Staff - s.r. Leave a Comment

who gets the house

Divorce is generally an emotionally painful experience even when both spouses agree a divorce is in their best interest. They both may have a list of questions. At the top of that list is often: “Who gets the house?” It is not an easy answer, but at Springer & Lyle, we do our best to help you understand your options. All options require an appraisal of the property to determine its monetary value. Selling the House Texas is a community property state which means that any asset spouses accumulate during their marriage belongs equally to each spouse. Bank accounts are … [Read more...]

Filed Under: Featured Tagged With: Community Property, Divorce, Texas

Is Community Property in Texas Always Split 50/50 In A Divorce?

January 18, 2021 By Staff - s.r. Leave a Comment

Community Property TX split

Texas is a community property state, which means all property acquired by a couple during their marriage is considered to belong equally to them both. This appears that the community property should then be split 50/50 between the spouses, but this is not always the way it turns out. Texas law instructs the court to “order a division of the estate of the parties in a manner that the court deems just and right, having due regard for the rights of each party and any children of the marriage.” This means property will not always be divided 50/50. Factors Court Considers … [Read more...]

Filed Under: Featured Tagged With: Community Property, Divorce, Texas

Are All Assets Community Property?

December 21, 2020 By Staff - s.r. Leave a Comment

Assets and divorce

When a married couple in Texas divorces, the law presumes that all property accumulated during the marriage is community property, which means it is owned jointly by both parties and should be divided equally between them. But all property may not belong to the community. One party may claim some assets as their own separate property. The law requires them to prove an asset is their own separate property by clear and convincing evidence. Assets Considered Community Property Assets that were accumulated during the marriage that are considered community property according to law … [Read more...]

Filed Under: Featured Tagged With: assets, Community Property

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Springer & Lyle, LLP

1807 Westminster
Denton, TX 76205

phone: 940.387.0404
toll-free: 855.387.0404
fax: 940.383.7656

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The contents of this website does not imply legal advise or counsel and does not establish an attorney/client relationship. Please contact us for information on our policies regarding any relationship with clients, potential clients, or non-clients of our firm.

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