The holidays are getting closer and, if you are a divorced parent, you know that the season isn't all about rest, relaxation and fun. It's supposed to be, but your child custody situation can actually make it one of the most stressful times of the year.
One would hope that during a divorce or legal separation, both members of a couple in Arizona would be willing to deal with their property division issues honestly and fairly. Unfortunately, whether out of fear or of spite, it happens all too often one party attempts to hide assets from the other party. This is against the law, but it does happen. People going through a divorce should be on the lookout for signs that their ex is trying to hide assets.
Like a handful of other states, which are mostly located in the Southwest, Arizona follows the principles of "community property" in divorce cases. While this doctrine affects divorces in this state, specifically when it comes to property division, it also can impact probate and factor into a Goodyear resident's overall estate plan, even if that individual is happily married.
Once a couple has filed for divorce, the law requires each spouse to disclose details pertaining to his or her current financial condition. This is known as the "discovery" process and it involves the exchange of information between the separating spouses regarding individual income, assets and debts. In fact, this is a requirement that is mandated under the Arizona Rules of Family Law Procedure and courts in the state use the information gathered from the discovery process to make sure that property division is equal.
When a marriage heads toward its end, there are several important financial decisions that a person has to make in addition to coping with the emotional challenges of ending a marriage. One such decision is regarding the demand for spousal maintenance, which is commonly known as alimony. According to its legal definition in Arizona, alimony is the money that is paid by one spouse to the other as part of the divorce decree. However, it is not necessary that every divorce will involve the payment of alimony.
Divorce, as many of our readers may agree, is one of the most exhausting experiences that one can go through during the course of life. This is because separation often comes with its own set of challenges, which lead many couples to end up at loggerheads. Considering how divorce proceedings can easily turn bitter, separating couples may choose to spend some time to think about a divorce through mediation.