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Blog Posts in community debt

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  • What is the number one reason for divorce in America?
    What is the number one reason for divorce in America?

    When it comes to divorce , the reasons why a spouse may choose to end the marriage are as diverse as the couple themselves. The number one reason why people get divorced, based on my time working on ...

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  • Can a married person buy a house without their spouse?
    Can a married person buy a house without their spouse?

    The decision to purchase home is one of the most important that you will ever make in your life. There are obvious financial implications to making this decision. There are emotional, relational and ...

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  • Life insurance and its role in property division as part of a Texas divorce
    Life insurance and its role in property division as part of a Texas divorce

    Texas utilizes what is known as the inception of title rule in order to determine whether an asset or piece of property in a divorce belongs to the community estate or to one of the separate estates ...

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  • How is debt handled in a Texas divorce?
    How is debt handled in a Texas divorce?

    In your divorce debt will either be divided up into the column of community debt or will count as separate debt belonging to you or your spouse individually. The general rule that an attorney will ...

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  • What about the house? Community versus separate property in a Texas divorce
    What about the house? Community versus separate property in a Texas divorce

    Your home is a huge asset for you and your spouse in a Texas divorce - in most cases. Assuming that you own some amount of equity in the home then how it is characterized in the divorce will be ...

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  • How is income from separate property treated in a Texas divorce?
    How is income from separate property treated in a Texas divorce?

    Texas is a community property state. The past few days we have spent some time discussing that here on our blog. There are a handful of other states in the USA that adhere to principles of community ...

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