Texas Partition Agreement With Exchange
Description
How to fill out Agreement For The Partition And Division Of Real Property?
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FAQ
Everything acquired during a marriage is community property unless a spouse can prove (or the spouses agree) that it is separate property. Separate property is property owned before marriage, or acquired during the marriage as a gift, through inheritance, or as part of a personal injury settlement.
More Information. With a standard marital partition agreement from mcnamaralawyers.com, for only $399 you can have a binding Texas postnup from an experienced attorney that will separate each spouse's assets and debts.
In Texas, this is done via a written agreement establishing a partition or exchange between the parties. A partition or exchange agreement is much like a prenuptial agreement, but it can be executed at any time during the marriage.
Property or a property interest transferred to a spouse by a partition or exchange agreement becomes that spouse's separate property. The partition or exchange of property may also provide that future earnings and income arising from the transferred property shall be the separate property of the owning spouse.
4.102. PARTITION OR EXCHANGE OF COMMUNITY PROPERTY. At any time, the spouses may partition or exchange between themselves all or part of their community property, then existing or to be acquired, as the spouses may desire.