Community Property
After custody proceedings, the messiest part of a divorce is typically the splitting of communal property. This is when what could have been a fairly easy divorce can become brutal, and legal fees escalate due to the extra hours needed to fight over what both sides think of as being rightfully theirs.
Technically, community property is the property – other than separate pre-marriage property – that was acquired by either spouse during marriage. If you are consider divorce, contact the Conroe divorce lawyers of Garg & Associates, P.C. at 281-210-0010.
What Makes Up Community Property
Property acquired during marriage is considered community property, even if only one spouse has:
- Possession of the property
- His or her name is on the title, deed or account
- Worked for the assets-such as with salary
- Assets that will not be paid out until the future-such as retirement
Community Property in Texas
Texas treats community property slightly different than other states. Any appreciation or increase in the value of separate property during the marriage is still considered separate property. But a certain amount of reimbursement is due if one spouse made contributions during the marriage to enhance the value of the separate property.
Community property should be divided in a fair manner. Having an experienced divorce attorney on your side can help protect your legal rights when it comes to community property.
Contact Us
If you have questions about divorce, contact the Conroe divorce lawyers of Garg & Associates, P.C. at 281-210-0010 to schedule a free initial consultation.
