{"id":2123,"date":"2021-07-18T16:04:59","date_gmt":"2021-07-18T21:04:59","guid":{"rendered":"https:\/\/www.mcclure-lawgroup.com\/blog\/?p=2123"},"modified":"2021-07-18T16:04:59","modified_gmt":"2021-07-18T21:04:59","slug":"texas-divorce-court-cannot-divide-property-owned-by-business-entity","status":"publish","type":"post","link":"https:\/\/www.mcclure-lawgroup.com\/blog\/texas-divorce-court-cannot-divide-property-owned-by-business-entity\/","title":{"rendered":"Texas Divorce Court Cannot Divide Property Owned by Business Entity"},"content":{"rendered":"

\"iStock-1215119911\"A trial court must divide community property in a \u201cjust and right\u201d manner in a Texas divorce.\u00a0 The court must properly characterize the property before it in order to achieve a just and right division. Characterization can be complex when the parties have significant assets acquired through various means.\u00a0 It can get even more complicated when the parties have ownership interests in business entities that also own property.<\/p>\n

A husband recently appealed<\/a> the property division in his divorce decree, arguing the court had improperly awarded him property owned by business entities as his separate property. The parties got married in 1993.\u00a0 They lived in Connecticut, but the wife moved to Texas in 2018 for a job.\u00a0 The husband remained in Connecticut where his construction businesses were located. He told the wife, however, that he would move to Texas in a year to a year and a half, but ultimately did not do so.<\/p>\n

Wife Files for Divorce<\/h3>\n

The wife petitioned for divorce in 2019.\u00a0 The husband\u2019s father and his company filed suit against three of the husband\u2019s businesses a few days before the divorce trial. The lawsuit alleged the husband\u2019s companies owed his father\u2019s company $770,644 for equipment rental.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A trial court must divide community property in a \u201cjust and right\u201d manner in a Texas divorce.\u00a0 The court must properly characterize the property before it in order to achieve a just and right division. Characterization can be complex when the parties have significant assets acquired through various means.\u00a0 It can get even more complicated […]<\/p>\n","protected":false},"author":13,"featured_media":1919,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239,238,4,140],"tags":[286,240,227,395,5,392,391,393,394,328],"class_list":["post-2123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-business-entities","category-divorce","category-property-rights","tag-assets","tag-business","tag-community-property","tag-corporation","tag-divorce-2","tag-entities","tag-entity","tag-limited-liability-company","tag-llc","tag-texas-family-code"],"yoast_head":"\nTexas Divorce Court Cannot Divide Property Owned by Business Entity — Texas Divorce Attorney Blog — July 18, 2021<\/title>\n<meta name=\"description\" content=\"A trial court must divide 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