In many states, property is divided equally during a divorce, with few exceptions. In Texas, though, judges have considerable discretion in deciding what property should go to which spouse.
Texas family law allows for informal marriage. So that in Texas if a man and woman live together, agree they are married and hold themselves out to the community as married, the state recognizes that marriage.
In Texas, the only way to legally change the terms of a divorce settlement is through a court-approved, post – divorce modification. Divorced couples often make the mistake of making verbal agreements to change the settlement terms without formalizing those changes with the court.
If you happen to own a business and are going through a divorce in Texas the process of property division can become very complicated. If the business falls under the category of community property under Texas family law, the business must be valued to determine its worth to the marital estate.
Under Texas marital law property falls within two categories: Separate property and community property. And although Texas is a community property state the rules on distribution are different than in other states.