Opinion ID: 2467838
Heading Depth: 1
Heading Rank: 1

Heading: the nature of the community property

Text: T.G.I. says in its brief that the property in question is community property and the record bears this out. Both Coopers were named in the deed to the property in question and both signed a deed of trust executed in favor of T.G.I. Insofar as can be ascertained, both Coopers were obligated also on the notes given as consideration. Part of the consideration was payment of $45,000 in cash; the record does not reveal the source of these funds. Under Section 5.02, Texas Family Code (Supp.1971), property possessed by either spouse during marriage is presumed to be community property. In light of this presumption, and the absence of contrary evidence in the record, the court adopts T.G. I.'s statement that the property involved is community. Under Section 5.22 community property falls into two categories with respect to management: sole management community property and joint management community property. On the basis of the record before us, the court must assume that the property is subject to joint management. Section 5.24 says, [d]uring marriage, property is presumed to be subject to the sole management, control, and disposition of a spouse if it is held in his or her name.... [Emphasis added.] All of the evidence, as noted above, indicates joint ownership of and joint liability for the property in question.