L-R Elisa Reiter and Daniel Pollack. Courtesy Photos Reimbursement Claims in Divorce Cases for Capital Contributions to Business Entities
"There is no specific reference in the Tx. Fam. Code Section 3.402(c) to assure reimbursement for capital contributions to a business entity owned by one estate and paid for by another estate," according to columnists Elisa Reiter and Daniel Pollack.
March 25, 2024 at 11:00 AM
11 minute read
Family Law
Life is about change. Individuals come together and decide to build a life together. Sometimes, happiness evaporates and there is a need to dissolve the union. When couples divorce, or one party to the relationship dies, bliss can disintegrate and morph into battle. We like to think that we can rely on Texas statutes to help resolve such conflicts. While the Texas Legislature is well intentioned, has it consolidated Tx. Fam. Code Section 3.402 to the point of eliminating claims for capital contributions to business entities? Let's look at the current statute:
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