Category: Property Division
Property Division
Beware of dishonest financial tactics during property division
Ideally, a couple should fairly split the assets and property acquired during the marriage, otherwise known as marital assets, upon divorce. However, it is not always the case. Not everyone comes to the property division table with good intentions. Your spouse may be keen on shortchanging you now that the marriage is over and everyone
What can I expect from the property division stage of my divorce?
You have worked hard your entire professional life to build up your assets and prepare yourself for your retirement. Now you find yourself with a rapidly approaching divorce. Among the many concerns you may have on your mind, you are likely wondering how the divorce court will divide your assets with your soon-to-be ex-spouse, and
What is considered separate property in an Arizona divorce?
Arizona is a community property state, which means that all marital property is divided equally between the spouses in the event of a divorce. However, it is important to remember that not all the assets that were acquired by an individual during the course of the marriage are considered community property. Article 25 Section 213 of
Here are some things you can — and can’t — include in a prenup
We have written about the prenuptial agreement before. This contract is an incredibly important part of both marriage and divorce. However, what are you allowed to include in your prenup, and what topics are barred from being included in the contract? Some of the matters that we will talk about may seem obvious. But there
What community property is and how you can prepare for it
There are only a handful of states in the U.S. that abide by community property laws. This doesn’t mean that community property laws are “bad,” but it does mean that these laws are more uncommon — and, thus, maybe not as recognizable or understandable — as other property division laws. Arizona is one of the
About that time when Beanie Babies were crucial assets
In our source article, the Huffington Post found an amazing picture of a couple that was dividing up their assets in a divorce courtroom. That may not sound out of the ordinary to you, but in this case, they were literally splitting up their assets between them in the courtroom. And those assets were Beanie
The intricacies of community property and why they are important
When it comes to property division in a divorce, there are two ways that states deal with the thorny issue in a basic way. Most states go with “equitable distribution,” which means that in a family court, a judge decides which assets should go to which spouse. The judge does this in such a way
What is taboo and what’s okay for a prenuptial agreement?
In our last post about divorce, we talked about prenuptial agreements and postnuptial agreements — legal devices that allow spouses to protect themselves and the many assets and factors involved in their marriage. Whether you and your spouse bring an immense amount of assets to the alter, or a far more modest amount of assets,
The divorce moving project: how to get out unscathed
There are few people out there that enjoy moving. It’s a long and arduous process that requires a lot of heavy lifting and stressful decisions, and in the end all of your items — the couch, the TV, the tables, etc. — all end up in roughly the same spot that they were before, except
Be prepared for community property during divorce
Arizona is a community property state, which means that any assets or property that are deemed to be “shared” or “marital” assets are subject to community property laws. Each spouse is then given a 50 percent stake in each asset that is deemed to be subject to community property laws, and arrangements need to be