Why does Texas handle divorce property division differently from most states? Texas follows community property law, meaning everything earned during your marriage—from paychecks to business income—goes into a shared "community bucket" that must be divided. This minority jurisdiction approach treats marital earnings and acquisitions as belonging to both spouses equally, regardless of who earned them. The distribution happens either through a court order at trial or through an agreement at mediati
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Why does Texas handle divorce property division differently from …
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Did you know Texas is a community property state? That means when you are married, both spouses have legal rights to any property acquired during the marriage even if only one person is on the loan or buying the home. So when it is time to: • Buy a home • Refinance • Sell or transfer ownership ➡️ Both spouses must sign off on key documents. It is all about protecting marital rights and ensuring transparency in big financial decisions. If you are planning to buy or sell real estate in Texas, do n
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Property taxes are a Texas-sized problem. So, what can you do to protect your wallet and keep your home? 1. If you’re a homeowner, make sure your principal residence has a homestead exemption in place. 2. Protest your property tax appraisal. For most homeowners, the deadline to file your notice of protest is May 15 – but make sure to check with your specific appraisal district to know for sure. 3. Call for a taxpayer timeout. Local officials everywhere should be encouraged to adopt the no-new-re
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