What type of property states is Texas? Community property vs Common law property states.
There are two main types of property states in the United States: community property states and common law property states.
In community property states, all property acquired by a married couple during the marriage is considered to be owned equally by both spouses. This means that upon divorce, the court will generally divide the couple’s property equally between them. The nine community property states in the U.S. are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.
In common law property states, property is generally divided based on principles of equitable distribution. This means that the court will try to divide the property in a fair and equitable manner, taking into account factors such as the length of the marriage, the contributions of each spouse to the acquisition of the property, and the economic circumstances of each spouse. The remaining states in the U.S. are common law property states.
Texas is a community property state. This means that, upon divorce, the court will generally divide the couple’s property equally between them, unless there are compelling reasons to do otherwise. It’s important to note that there are some exceptions to this rule, and it’s a good idea to consult with a lawyer if you have questions about how your property will be divided in a divorce in Texas.