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You can create a written, signed contract that separates your community property into separate property. There are implications to this that you may want to discuss with a financial planner. Should you ever get divorced, for example, a judge cannot divide property that has been categorized as separate property. Whoever it belongs to keeps it. Debts are more complicated. Even if you both agree to assign some of the debt to a particular spouse only, if both your names are on the debt then you're both on the hook if the other doesn't pay. Since you flagged this as a tax question, I'll note that I am not saying anything about tax consequences....

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Q: Can a married couple in Texas legally separate their finances?
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