ECONOMIC CONTRIBUTION FOR DUMMIES
(SPECIFICALLY, FAMILY AND PROBATE LAWYERS)
ECONOMIC CONTRIBUTION - TITLE ONE, SUBCHAPTER E TEXAS FAMILY CODE

(Continued from What Is Economic Contribution?)

WHEN DOES THE STATUTE APPLY?

The situations where the statute will apply are when, during the marriage, one estate's assets are used for the benefit of another estate. The most common examples:

• one party owned separate real estate prior to marriage, and after marriage, the mortgage was reduced with community property funds (e.g., the parties' earned income).
• after marriage, one spouse used inheritance or other separate money to reduce the mortgage on community real estate.
• after marriage, the separate property real estate was refinanced.
• after marriage, separate property real estate was improved by house, garage conversion, pool, or other capital improvement.

Economic Contribution for Dummies Continued (What Do I Need to Know?)