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Community Property & Separate Property |
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1) Why do I care about whether our property is Community Property or Separate Property? Answer: Upon divorce, the court will divide Community Property in a manner that the court feels is "just and right". Sometimes this is 50/50, but many factors can effect the distribution. On the contrary, Separate Property is owned solely by the spouse. It is not divided and the spouse who owns separate property keeps it. 2) So, what is the difference between Community Property and Separate Property? Answer: Community Property is all property acquired during marriage (with just a few exceptions--see below). The court will presume that any property that is owned during the marriage as community property. Both spouses equally own Community Property. Separate Property is property that was owned by one spouse prior to the marriage, or property acquired during the marriage by inheritance, gift, or the pain and suffering portion of a law suit award. Income from separate property is community property. Each spouses salary is community property. 3) Can my spouse and I agree what is Community Property and what is Separate Property? Answer: Yes, Spouses can enter into an agreement called a partition agreement agreeing to change community property to separate property or separate property to community property. 4) What if I mix my Separate Property with our Community Property? Answer: Separate Property may lose its identity if commingled and will be considered Community Property. 5) How can I protect our Community Property until the Court divides it? Answer: While divorce is pending, the court may order a temporary restraining order or temporary injunction making it a criminal offense if either spouse disposes of any community property before the court determines how to divide the property. |

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Printz & Associates, P.C. 3519 West Vickery Blvd. Suite 205 Fort Worth, TX 76107 |
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Phone: 817-569-6700 Fax: 817-377-4454 Email: JDP@JDPRINTZ.COM |
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Serving your family's needs |
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The data contained herein is for informational purposes only and not to be relied on as legal advise. An attorney/client relationship is not formed until the client retains the attorney and the attorney accepts the case. |
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