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POWER FAMILY LAW, PLLC
Power Family Law, Providing attorney services in Plano Texas with emphasis in Divorce Law, Custody, Child Support, Adoption, Alimony, Estate Planning, and Wills
If you are looking for a Texas Lawyer, Dallas, Lawyer, or Plano Lawyer, our attorney's are litigation experts that can help you with divorce information, restraining orders, child custody, and divorce court issues
 
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Power Family Law, PLLC
Our attorneys and support staff make it a priority to understand the needs of our clients and to explain the legal process in an understandable manner.
 
 
Family Law
Love, Family, Marriage, Childern
A texas attorney specializes in texas Divorce Law and a Power Divorce Lawyer is the best Divorce Attorney be sure to consult with us when your are trying to find a lawyer for your divorce or other family law issues
 

PROPERTY

Separate property

        1.     Property owned or claimed by a spouse before marriage

       2.     Property acquired by a spouse during the marriage by gift or inheritance

       3.     Recovery for personal injuries sustained by a spouse during marriage, except for any recovery for loss of earning capacity during the marriage.

Texas Property Division

       1.     Texas is a “community property” state.
                a.     In theory, this means that the division follows a mathematical formula, with little room for the judge to improvise.
                b.     The formula calls for all property to be divided into “marital” and “separate” property. “Marital” and quasi-community property is divided 50/50.
                c.     The “Separate”property of each party stays with that party.

Marital Separation and Property Settlement Agreement

       1.     A marital separation agreement, also known as a property settlement agreement, is a written contract dividing your property, spelling out your rights, and settling problems such as alimony and custody.

       2.     A marital separation agreement may be drawn before or after you have filed for divorce — even while you and your spouse are still living together.

       3.     When you initially execute a marital separation agreement you usually do not have to file the separation agreement with the court to be effective.

       4.     When and if you begin the divorce proceedings, you will attach the separation agreement to your divorce papers and ask the court to merge, but not incorporate, the agreement into the final judicial decree. 

       5.     If the marital separation agreement is incorporated into the decree, it becomes a court order and is enforceable by the court. 

       6.     If you don’t incorporate the separation agreement into your decree, it simply becomes a contract or agreement between you and your spouse.

Debts and Liabilities

The liability of each spouse for debts of the other spouse depends on the type of debt and the type of marital property. These rules are governed by Section 5.61 of the Texas Family Code:

       1.     A spouse’s separate property is not subject to liabilities of the other spouse unless both spouses are liable by other rules of law.

       2.     Unless both spouses are personally liable by other rules of law, the community property subject to a spouse’s sole management, control, and disposition is not subject to:
       a.     any liabilities that the other spouse incurred before marriage; or
       b.     any notorious liabilities that the other spouse incurs during marriage.

       3.     The community property subject to a spouse’s sole or joint management, control, and disposition is subject to the liabilities incurred by him or her before or during marriage.

       4.     All the community property is subject to tortious liability of either spouse incurred during marriage.


 
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2317 COIT ROAD, SUITE B, PLANO, TX 75075 ¤ (972) 985-4448 ¤ FAX:(972) 985-4449 ¤ WWW.POWERFAMILYLAW.COM
Power Family Law, providing wills, estate planning, adoption, child custody, child support, restraining order, alimony, and divorce services in Collin, Dallas, and surrounding Texas counties.