How to Keep Family Property in the Family
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If it is important that the family ranch or lake house stay in the family, it is critical in Texas to use the correct terms when transferring property and to keep all the records associated with the transaction to ensure that the “right” person receives and continues to own the property. Separate property is property that falls into one of these categories:
- Owned before marriage;
- Inherited;
- Received as a gift or received as a personal injury recovery that was not reimbursement of community expenditures.
All other property obtained during the marriage is community property, i.e., owned jointly by each spouse. It is important to remember that community property does not have to be in both spouses’ names to be community property. The “Inception of Title Rule” adhered to in Texas means that property continues to be separate or community, depending on the way it was acquired, as long as no other legal proceeding changes the title and proof exists that it is separate property.
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Carol Wilson provides expertise, focus and compassion in times of family turmoil, having skillfully litigated and tried complex divorce, property division, and child custody cases for more than 30 years.
She has been Board Certified in Family Law by the Texas Board of Legal Specialization since 1992. Subscribe to the firm's newsletter here.
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Another Successful Heart & Sole 5K!
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Thank you to everyone who participated in the 12th annual ASC Dallas Heart & Sole 5K last weekend. The Law Office of Carol A. Wilson was proud to sponsor this annual event.
The mission of the Bridge Breast Network, Attorneys Serving the Community's 2022 beneficiary, is to save lives by providing access to diagnostic and treatment services for breast cancer to those who are low income, uninsured and underinsured.
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"You made a foreign process easy. You kept me updated and educated me.
Thank you so much."
- J.C., a former client
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The highest compliment I receive is your referrals. If you know someone in need of assistance in a family law matter, please don't hesitate to share my contact information: carol@cawilsonlaw.com and 214-303-0142. Thank you!
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