Understanding the Complexities of Dividing Pensions and Retirement Accounts in Texas Divorce Divorce is a challenging life event, and when substantial assets like pensions and retirement accounts are involved, the process can become even more complex. In Texas, these assets are considered community property, meaning they are subject to division between the spouses upon divorce. Navigating this division requires a solid understanding of Texas family law and strategic planning. What are Community Property and Separate Property in Texas? Texas is a community property state. 🏛️ This means that any property acquired during the marriage, other than by gift or inheritance, is owned equally by both spouses. Separate property, on the other hand, includes assets owned before the marriage, or received during the marriage as a gift or inheritance. Only community property is subject to division in a Texas divorce. Is My Spouse's Retirement Account Subject to Division? G...
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