Separate Accounts Do Not Mean Separate Money for Divorce
“What’s Mine is Yours.” These words should be taken quite literally when it comes to marriage in the state of Texas. Texas is a community property state, which means that any income or property (for the most part) that a spouse acquires during the marriage is labelled as “community property.” This means that in the case of a divorce, each spouse gets approximately half of the community property in a just and right division administered by the divorce court.
That secret account you’ve been putting your paycheck into while married? Community Property. That boat you bought with money from that secret account? You’ve got it- Community Property. Just because someone deposits his or her paycheck into a separate account or funnels it into a new purchase of property doesn’t mean that the money is now separate property- Texas divorce courts are a little smarter than that. The classification of the money is still “income” received “during the marriage,” so any effort you’ve been putting forth to hide your paychecks or accounts should be re-directed to figuring out how to calm down your now angry ex-spouse after he or she finds out that the cliché “share and share alike” didn’t seem to apply to you.
Recently, the Malley Law Firm tried a wrongful death case in Newton, Texas involving a high-speed collision and an 18-wheeler. After a long week in court, Mr. Malley prevailed and...Read More »
Tony Malley of Malley Law Firm and Robert Hand of Stevenson and Murray Law Firm won a breach of contract case after a multi-day trial in Harris County against a seller of real...Read More »
Attorney Malley continues his travels around Texas with his most recent speaking opportunity at the 20th Annual Summer School at Moody Gardens Hotel in Galveston, Texas. Tony educated attendees...Read More »
LIVE FROM LUBBOCK Attorney Anthony Malley was chosen to speak at another continuing legal education seminar for the State Bar of Texas. In May he spoke at the 2018 Agricultural...Read More »
ATTORNEY TONY MALLEY NAMED 2018 TEXAS SUPER LAWYER Beaumont, Texas – Anthony (Tony) Malley, founding and managing partner of Malley Law Firm, PLLC, has been named for inclusion on the...Read More »
We are pleased to announce that Mr. Anthony Malley, III has been elected as a member into the American Board of Trial Advocates based on nomination and extremely stringent qualifications...Read More »