Any Arizona divorce can be difficult, with many issues in dispute and disagreements from start to finish. Since the couple is deciding to move forward with the end of a marriage, there were clearly inherent problems to spark the parting of the ways. While any divorce can be tough, a divorce in which there is real estate, significant marital property and substantial assets can be even more complicated. This is when it is may be advisable to consider what kind of attorney may be suitable to provide guidance and assistance from the beginning of the process all the way to the end.
With Arizona being a community property state, everything, including debt and property, that was accrued while the couple was married will be owned by both. Since a divorce with major assets will be difficult to sift through, these cases can be more complex than a divorce will less property at stake. Depending on the contentiousness of the divorce, one spouse might attempt to hide certain assets or use various sleight of hand tactics to keep it out of the purview of the courts. Having an attorney who can find these assets may be necessary to getting a fair amount from the divorce.
The properties and issues that accompany a divorce with high assets are multiple. There could be jewelry, vacation properties, real estate, luxury vehicles, art, businesses, corporate payouts, severance packages, retirement accounts, pensions, bank accounts, stocks, bonds, intellectual property and more. It is no secret that couples involved in a divorce with a certain lifestyle will expect to keep as much as possible for themselves and want to maintain that lifestyle. This inevitably leads to disagreements as to how to divide everything that accumulated during the marriage.
Those who are in the midst of a high-asset divorce should consider what kind of legal assistance they might want. An attorney who understands finance as well as the law can make all the difference when trying to get as much as possible in a legal case that can have financial, emotional and personal impact. That is the first call that a person who is in a divorce proceeding with hefty assets should consider making.