I am preparing papers for a divorce in Montgomery County, TX. My parents bought a house and then sold it to me via a Promissory Note after my marriage. The Note is in my name only. Is this considered a debt or community property?
1 Answer from Attorneys
Generally, all property obtained during marriage is community property. One exception is when it's a gift. Since you gave a note for it, them it is not a gift.
To determine if it is community, you should have an attorney read ALL of the documents and analyze the situation. Sometimes one little fact can change the answer.
Good luck to you.