{"id":2464,"date":"2022-08-12T07:01:28","date_gmt":"2022-08-12T12:01:28","guid":{"rendered":"https:\/\/www.mcclure-lawgroup.com\/blog\/?p=2464"},"modified":"2022-07-31T21:07:11","modified_gmt":"2022-08-01T02:07:11","slug":"property-owned-by-business-entity-in-texas-divorce","status":"publish","type":"post","link":"https:\/\/www.mcclure-lawgroup.com\/blog\/property-owned-by-business-entity-in-texas-divorce\/","title":{"rendered":"Property Owned by Business Entity in Texas Divorce"},"content":{"rendered":"

\"iStock-483613578-300x204\"Business entities and business property can complicate the property division in a Texas divorce.\u00a0 Property owned by a business entity is not considered either separate or community property of the spouses, but instead belongs to the entity. In a recent case<\/a>, a husband challenged the trial court\u2019s denial of his request for reimbursement for mortgage payments he made.<\/p>\n

Wife Enforces Property Division<\/h3>\n

The wife petitioned for enforcement of the property division several months after the final decree was signed.\u00a0 The husband filed a counter-petition also seeking enforcement of the property division, alleging each party owned an undivided 50% share in property identified as \u201cThe Terraces.\u201d\u00a0 The husband alleged he had paid $10,000 on the property\u2019s delinquent mortgage.\u00a0 He requested an accounting to determine each party\u2019s obligation and actual payments related to the property and a money judgment for what the wife had not paid.\u00a0 Additionally, he sought an order requiring the wife to pay her share of future mortgage payments and costs.<\/p>\n

The court entered an enforcement order in November 2018 that determined the husband\u2019s claims with regard to The Terrace were not ripe because the property had not been sold. After the approved sale in January 2020, the husband filed an amended motion for reimbursement and enforcement of property division.\u00a0 The trial court denied his requests and the husband ultimately appealed.<\/p>\n

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

Business entities and business property can complicate the property division in a Texas divorce.\u00a0 Property owned by a business entity is not considered either separate or community property of the spouses, but instead belongs to the entity. In a recent case, a husband challenged the trial court\u2019s denial of his request for reimbursement for mortgage […]<\/p>\n","protected":false},"author":11,"featured_media":2077,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239,238,27],"tags":[],"class_list":["post-2464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-business-entities","category-property"],"yoast_head":"\nProperty Owned by Business Entity in Texas Divorce — Texas Divorce Attorney Blog — August 12, 2022<\/title>\n<meta name=\"description\" content=\"Business entities and business property can complicate the property division in a Texas divorce.\u00a0 Property owned by a business entity is not considered — August 12, 2022\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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