The distinction between separate and community property under Texas law might seem simple. Assets acquired while a couple is wed are generally owned in equal shares by both spouses regardless of which one brought the asset into the household. Property obtained by one party before the marriage or following the divorce stays with that individual.…
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You might understand the need to revise your estate plans when a noteworthy life change occurs, such as a divorce or birth in the family. Significant financial shifts could also prompt you to evaluate your asset distribution strategy. However, you should also be aware of changes in the law that can affect your wealth. A…
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