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What is Considered Community Property & Separate Property in Texas?
Texas is a community property state, which means that any property acquired during a marriage using marital funds must be divided between spouses during a divorce. This includes things such as:
- Marital residence
- Household items
- Business assets
- Other types of property
Any separate property, which is defined as property owned prior to the marriage, inherited by only one spouse, or gifted to only one spouse, stays with that spouse and is not subject to division.