Schwartz v. Schwartz

Sears, Presiding Justice.

Appellant Leticia Schwartz, the ex-wife of appellee Stephen Schwartz, appeals the trial court’s determination that under the terms of the parties’ divorce settlement agreement, Stephen was entitled to retain funds he received for the overpayment of state and federal income taxes. Applying the standard rules of contract construction, we conclude that the settlement agreement at issue contemplated that Stephen would shoulder the entire burden of paying income taxes and also would receive any amount refunded for the overpayment of such taxes. Therefore, we affirm.

The…