Community property is one form of joint ownership of assets. Unlike other forms of joint ownership, like holding property as “Joint Tenants With Rights of Survivorship”, community property applies only to married couples. Not all states recognize community property, but Texas is one of the states that does. Community Property and Separate Property So, if you’re married and live in Texas, the property you own can generally be divided into community property or separate property. Assets that … [Read more...] about What is Community Property?