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July 2014 Archives

Who gets what? Property division in Arizona divorces

In what might be the largest divorce settlement ever across the pond, the wife of a British hedge fund manager is seeking a portion of the substantial assets she and her husband have accumulated. As a hedge fund manager, the husband oversees more than $4 billion, and together, the couple have donated over $1 billion through the charitable organization they founded in 2003. The wife is the CEO of the organization and places its value at up to $5 billion. The couple, who met while students at Harvard University, were in court last week to negotiate a settlement.

If divorcing in Arizona, are you liable for your dead ex's debts?

Some divorced couples breathe a sigh of relief once the final documents are signed. This could be for many reasons, but one reason is probably because they think they are finally off the hook when it comes to their former spouse's debt. From this day forward, they think, I'm no longer responsible for someone else's money issues. But is that really true? In community property states like Arizona, it may not be.

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