Divorce in Texas is a challenging and emotionally charged process that often involves complex legal agreements. Most divorces end without a trial, with the parties often agreeing to a stipulation in mediation. Divorce stipulations and settlement agreements may not always be entirely clear, and enforcement of the agreements often relies on alternative interpretations of the same agreement. The Texas Court of Appeals recently ruled on a case that involved competing interpretations of the same divorce settlement agreement.
In the legal world, divorce agreements are seen as binding contracts between the parties involved. These agreements serve to demarcate the respective obligations and rights of each party, allowing them to strike the deal they choose to strike voluntarily. This principle underscores the significance of clarity and precision when drafting divorce agreements. Parties must ensure that their agreements are explicit, leaving no room for ambiguity or misinterpretation.
In the recently decided appellate opinion, the court examined a divorce agreement that centered around the division of a marital residence. The crux of the issue revolved around the date at which the property’s value would be assessed for the purpose of division. One party wished for the appraisal to be made on the date of the entry of the agreement, whereas the other party disagreed since property values had fluctuated dramatically since the agreement was reached. The agreement itself did not specify a particular date for the appraisal.