Bridget Reesnes v. Paul Reesnes

CourtCourt of Appeals of Arkansas
DecidedMay 27, 2026
StatusPublished

This text of Bridget Reesnes v. Paul Reesnes (Bridget Reesnes v. Paul Reesnes) is published on Counsel Stack Legal Research, covering Court of Appeals of Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bridget Reesnes v. Paul Reesnes, (Ark. Ct. App. 2026).

Opinion

Cite as 2026 Ark. App. 356 ARKANSAS COURT OF APPEALS DIVISIONS I & II No. CV-25-64

Opinion Delivered May 27, 2026

BRIDGET REESNES APPEAL FROM THE WHITE APPELLANT COUNTY CIRCUIT COURT [NO. 73DR-09-437] V. HONORABLE DANIEL C. BROCK, PAUL REESNES JUDGE APPELLEE

REVERSED AND REMANDED

KENNETH S. HIXSON, Judge

This is the third appeal in this domestic-relations case, and the issues on appeal

pertain to the division of CAC Properties, LLC (CAC Properties), which is a marital asset

that appellee Paul Reesnes omitted in the parties’ property settlement agreement (PSA) and

was not divided upon their divorce in 2009. Ten years after the divorce decree was entered,

appellant Bridget Reesnes filed a motion to modify the divorce decree alleging that Paul had

committed constructive fraud in failing to disclose his ownership interest in CAC Properties

during the divorce proceedings. On May 4, 2020, the trial court entered an order finding

that Paul had committed constructive fraud in failing to disclose the property upon divorce

and endeavored to award Bridget her equal share of the property. Both parties appealed

from that order, and in Reesnes v. Reesnes (Reesnes I), 2022 Ark. App. 462, 655 S.W.3d 722

(2022), we held that the trial court correctly found it had jurisdiction to modify the divorce decree but that the trial court’s distribution of the property was inequitable and must be

reversed and remanded for further proceedings. After our remand, the trial court entered a

nonfinal interlocutory order from which Bridget appealed, and that appeal was dismissed by

this court without prejudice on November 9, 2023. After our dismissal of the second appeal,

the trial court entered a final judgment on December 2, 2024, that awarded Bridget

$318,163 for her interest in the property.

Bridget now appeals from the December 2, 2024 order. Bridget argues that the trial

court erred in its distribution of CAC Properties, erred in denying her request for

prejudgment interest, and erred in denying her request for attorney’s fees. We agree with

each of these arguments, and we reverse and remand.

I. Introduction

During the divorce proceedings in 2009, Paul was represented by an attorney while

Bridget was not. The PSA drafted by Paul and his attorney, which was incorporated into the

divorce decree, provided, inter alia, that “Husband and Wife agree that it is the intention of

the Husband and Wife that this Agreement constitutes a full and complete settlement of all

property rights, both real, personal and mixed, occurring to them by reason of said marriage.”

The divorce decree signed by the parties provides that “each party hereby warrants and

affirms that each of them has disclosed any and all property, whether marital or not, to the

other party.” Let’s be clear—as found by the trial court—Paul committed constructive fraud

when he omitted CAC Properties from the PSA, which he and his attorney drafted and

2 filed.1 Paul defrauded his wife, his attorney,2 and the trial court. Paul continued his fraud

when, within a few months of entering into the PSA and filing the divorce decree, he received

$100,000 in dividend distributions from CAC Properties and, over the course of the next

ten years, when he continued to receive, at a minimum, an additional $725,000 in dividend

distributions, none of which were shared with his now ex-wife. In Reesnes I, in an unusual

6–0 six-judge opinion, we concluded: “We therefore reverse and remand for the trial court

to distribute the ownership of Paul’s interest in CAC Properties one-half to each party as of the date of

divorce and for further proceedings consistent with this opinion.” Reesnes I, 2022 Ark. App.

462, at 17, 655 S.W.3d at 731 (emphasis added).

On remand, the trial court did not distribute the ownership of Paul’s interest in CAC

Properties one-half to each party as of the date of the divorce as ordered. Paul owned 50

percent of CAC Properties; therefore, on remand, the trial court should have awarded

Bridget 25 percent of CAC Properties and Paul 25 percent of CAC Properties. In Reesnes I,

we included the phrase “as of the date of divorce” so the trial court would not order Bridget’s

ownership to commence from the date of the trial court’s 2020 order or the date of the court

of appeals opinion. Bridget’s interest attached on the date of the 2009 divorce decree when

she was defrauded; otherwise, Paul would have benefited from ten years of fraudulent

conduct. To summarize our disposition of this matter, we hold the following:

1 See Reesnes I for additional details. 2 Paul’s attorney testified at an earlier hearing that in preparing the PSA, Paul did not inform him of Paul’s interest in CAC Properties.

3 1. The trial court shall enter an order granting Bridget a 25 percent membership interest in CAC Properties, effective August 13, 2009.

2. The trial court shall enter a judgment in favor of Bridget against Paul in the amount of $50,000 plus prejudgment interest accruing from the date Paul received the $100,000 dividend distribution from CAC Properties.

3. The trial court shall enter a judgment in favor of Bridget against Paul in the amount of $362,500 plus prejudgment interest accruing from the respective dates Paul received the $725,000 in dividend distributions from CAC Properties.

4. On remand, if the trial court determines that Paul received any additional dividend distributions, then the trial court shall enter a judgment in favor of Bridget against Paul in the amount of one-half of any such distributions received plus prejudgment interest accruing from the dates Paul received the additional distributions.

5. The trial court shall order Paul to provide an accounting for all the distributions and the sale(s) of any CAC Properties assets commencing on August 13, 2009, to the present.

6. The trial court shall order Paul to pay Bridget reasonable attorney’s fees to be determined by the court.

Finally, we acknowledge that our disposition of this matter may result in other future

consequences, such as amended tax returns or causes of actions. Those matters, if any, are

outside the scope of this opinion and are not discussed herein.

II. Discussion

Bridget raises three arguments in this appeal. First, Bridget argues that the trial court

erred in its distribution of CAC Properties and that the amount of the award was

inequitable. Next, she contends that the trial court erred in not awarding her prejudgment

interest. Finally, Bridget argues that the trial court erred in not awarding her attorney’s fees

and costs. We agree, and we reverse the trial court’s order.

4 A summary of our decision in Reesnes I is necessary for our review of this appeal.

When the parties divorced in 2009, as described above, the parties executed a PSA wherein

both parties warranted that they had disclosed all their property.3 The PSA addressed Paul’s

50 percent ownership of Custom Aircraft Cabinets, Inc. (CA Cabinets), and provided that

Bridget would receive half of Paul’s dividend distributions from this company and that her

right to receive these dividends would continue until the business was sold, in which event

Bridget would receive 50 percent of the sale proceeds of Paul’s ownership interest. However,

during the divorce proceedings, Paul did not disclose his 50 percent ownership in a separate

entity, CAC Properties, so that company was not mentioned in the parties’ PSA or divided

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Bridget Reesnes v. Paul Reesnes, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bridget-reesnes-v-paul-reesnes-arkctapp-2026.