In Texas, community property division is based on the principle that most property acquired during the marriage is considered jointly owned by both spouses. Community property includes assets like real estate, vehicles, bank accounts, investments, and debts accrued during the marriage. Texas law generally presumes an equal division of community property, although certain exceptions and factors may be considered. Separate property, which includes assets owned before the marriage or obtained through gift or inheritance, remains the sole property of the individual who acquired it.