Partition Agreement Template For Professional Services In Tarrant
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Potential solutions for dividing inherited property include selling the property and dividing the proceeds, providing siblings with co-ownership, and having one sibling buy out the other siblings.
A partition agreement divides, or partitions, a married couple's community estate into two separate estates. It is sometimes called a post-nuptial or post-marital agreement and is similar to a prenuptial agreement, except that it is executed by a married couple.
Property acquired during the marriage (outside of the noted exceptions) is considered community property. The spouses can, however, agree to convert (or “transmute”) community property into separate property. In Texas, this is done via a written agreement establishing a partition or exchange between the parties.
There are two potential pathways in seeking a partition: Partitions may be in kind (meaning that property is divided into separate parcels and each parcel is allotted to a separate owner) or by sale (meaning that property is sold and sale proceeds are divided among the owners).
The process of partition action starts with one or more owners filing a petition in court. The court then examines the real estate details and the owners' interests to decide on the best division method.
Here is a divorce court in Tarrant County that you may bring your case to: Court Name: 231st District Court · 233rd District Court · 322nd District Court · 324th District Court · 325th District Court · 360th District Court. Clerk Name: Thomas A. Court Address: 401 W Belknap, Fort Worth, Texas 76196. Phone: 817-884-1111.
Take your forms to the court clerk Check the Find My Court page to find the courthouse that accepts divorce filings. At the courthouse, you'll file the forms you filled out by giving the original and the 2 copies to the clerk. The clerk will give you a case number and stamp the forms.
Divorce records in Tarrant County are handled by the District Clerk's office. Please visit the District Clerk's website for more information or call 817-884-1880. How do I file an Assumed Name?
The divorce can be filed in the district court county where either party has lived for the last 90 days, as long as they have also lived in Texas for at least the last 6 months.
