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Agreement for the Partition and Division of Real Property

Texas Partition Agreement With Spouse In Suffolk

Category:

Civil Actions - Partitions

State:

Multi-State

County:

Suffolk

Control #:

US-00410

Format:

Instant download

Description

This Partition Agreement is an Agreement for the Partition and Division of Real Property. This is a Voluntary agreement to partition and divide real property. This Agreement can be used in any state. This Agreement is to be signed in front of a notary public.

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In other words, spouses can agree that particular property will be classified as "separate" rather than community property. A marital property partition is an agreement between spouses that allows them to convert community property into the separate property of one spouse.A partition agreement divides, or partitions, a married couple's community estate into two separate estates. Details about spouses partitioning or exchanging community property between themselves are in the Texas Family Code section 4.102. Similar to a prenuptial agreement, this contract is drafted during marriage and spells out how property will be divided upon divorce or the death of one spouse. The court appointed a receiver, with the usual powers and directions, to sell the marital residence forthwith, even though the divorce was not yet final.

Texas Partition Agreement With Spouse In Suffolk

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