Texas is a “community property” state. That means after marriage, most income earned by each spouse is automatically jointly owned by the couple. Community property is beneficial to both spouses and is a preferred status for amassing wealth for most married couples. However, prior to their marriage, couples may choose to treat their future-acquired property and income in a manner different than that provided by operation of law.
Premarital agreements out the manner in which spouses want their assets to be treated differently than as designated by the community property doctrine. Premarital Agreements are complex documents that must comply with specific Texas laws in order to be valid. They must be drafted with an eye to both protecting the parties and surviving an attack in the future.
In order to discuss a potential or existing premarital agreement, contact The Spencer Law Firm today at our toll-free number: (888) 237-4529.