There are only nine states in the U.S. that are classified as “community property states.” Texas is one of them. The primary feature that distinguishes the community property approach to divorce is that it broadly entitles each spouse to 50 percent of the marital assets in the event of divorce. This system values predictability and the guarantee of equal asset distribution in virtually all divorce cases.
If you are preparing for a divorce in Texas, it is important to understand how the community property system works in practice. That way, you can both avoid common missteps that individuals often make when negotiating or litigating the terms of their divorce. Additionally, you will be able to set realistic expectations for this process, which will allow you to start planning your future with greater confidence and a more informed mindset.
Process and Priorities
The 50/50 marital property split that Texas law requires does not mean that each individual asset must somehow benefit each spouse equally. All of the marital assets that a couple has acquired together form a broader marital estate. It is the overall value of this marital estate that must be divided evenly during the divorce process.
...