Estate Planning Series – Post #2: What’s the Difference Between Community and Separate Property? Why Does it Matter?

Texas is a “community property” state because our inheritance laws are based on Spanish law, as are 7 other states. At least a century before there was equality between spouses, Texas law acknowledged marriage to be a partnership. That means that if you are married, there is a presumption that all of your property, assets, and income is community property and …