Austin, TX family law attorney Kayvon Rashidi explains how a partition and exchange agreement works. He points out that most people are familiar with a prenuptial agreement, but in Texas, couples can also draft a postnuptial agreement, or post-nup. This is a legal contract entered into after marriage. A partition and exchange agreement is another type of agreement a married couple can make, typically designating certain property as separate rather than community property.

This can include a business, land, real estate, or other assets. Many couples find it beneficial to have clarity about who will retain specific property in the event of a divorce. Even for those not anticipating a divorce, having that peace of mind can be reassuring.