When Arizona couples decide to end their marriage, their retirement funds are often among the largest assets that they own. Going through a divorce is often financially difficult, but people can take action to help protect their financial future and move forward after...
Property Division
The benefits of prenuptial and postnuptial agreements
Over time, people may have different feelings toward their partners. Therefore, Arizona residents who are planning on getting married may benefit from creating a prenuptial agreement. It will dictate what happens in the event that the marriage ends. One of the best...
Property division tips for older adults in a divorce
The Pew Research Center reports that older couples are divorcing twice as often as they did in the 1990s, and this means that more Arizona couples who divorce may be dealing with complex financial matters. The increasing popularity of annuities means these are a...
Inherited IRAs in a divorce property settlement
People in Phoenix considering divorce may be concerned about how their assets will be affected by the property division process that accompanies the end of a marriage. Individual retirement accounts, or IRAs, and other forms of retirement funds are often some of the...
Business valuation essential when owners divorce
The assets of business owners or partners in Arizona generally represent marital property when they seek divorce. As a community property state, the law requires equal division of marital property. For this reason, someone entering the divorce process needs to...
Will divorce affect your claim to your inheritance funds?
If you inherit or stand to inherit property and assets after the death of a loved one, you may wonder what claim, if any, a spouse may have to these items. If you end up facing divorce, will your spouse be able to take a portion of the funds? Since your family gifted...
The basics of a property division agreement
Previous posts here have mentioned how the divorce process can be much easier for couples in Arizona when they are able to reach agreements about certain aspects of the legal process. For instance, some divorces are agreed to mutually - both partners realize that it...
Potential tax reform could have significant impact on divorce
In a divorce, there are many different concerns for Arizona residents. The focus in divorces that involve children will rightfully be on child custody, support and visitation, while all divorces will include concerns about property division. But, one aspect of divorce...
Why is “community property” an important term in Arizona?
Couples in Arizona who are going through the divorce process are likely to encounter certain terms that are unfamiliar to them. After all, for many people their interactions with divorce court are the first time that they have ever had contact with the judicial...
Property division includes debt division
When a couple in Arizona is going through a divorce, it can be very easy for either soon-to-be ex-spouse to focus on one particular issue, such as child custody or alimony. It is pretty much common knowledge that property will be divided between the couple in the...