How Texas Community Property Laws Impact Your Estate Plan
In our last post, we talked about 5 different types of trusts and how they can help preserve your legacy. In this post, we’ll explain the basics of Texas community property law, how it affects estate planning, and why working with the best Probate Attorneys in Decatur is crucial to protecting your family’s interests. If you’re married and living in Texas, understanding how community property laws affect your estate plan is essential. Texas is one of only nine community property states in the U.S., and these laws play a significant role in how assets are owned, managed, and eventually distributed after death. Whether you’re creating a will, setting up a trust, or planning for retirement, knowing the difference between community property and separate property can help you make informed decisions and avoid surprises down the road. What Is Community Property in Texas? In Texas, community property refers to most property and income acquired by either spouse during the marriage. Both spo...