Before Arizona residents can dissolve a marriage, they must first go through the process of property division. This process sorts out personal property from marital property, and then divides the marital property according to state law. To make sure this process is carried out fairly, the parties are required to list all their assets. Because divorces are handled by state courts, this information typically becomes part of the public record. For high-profile individuals, the process can feel something like an invasion of their privacy.
When divorcing, couples often think about the property division aspect, wondering who will get what? Usually, those divorcing want to ensure they are able to keep a home, a car, maybe some furniture. But, some cases can be more complicated. For example, a separated couple are wondering about much more. The two lobbyists are contesting the right of the other to control over 1,300 pieces of artwork and debating the image the two cultivated as a power couple.
Immediately following the decision to divorce, Arizona divorcees may be forced to deal with the emotional weight that often comes with such a decision. However, it can become quickly apparent that there is much on the financial side that needs to be taken care of as well. Rather than being a burden, taking care of some of these financial matters can help Arizona divorcees achieve a peace of mind, knowing that their finances are secure and that they are bettering their chances at a favorable divorce settlement.
Many of us know of or have heard of someone owing back payments of child support. Called arrears, there are many reasons why someone with a support order has not paid all the money owed to date, including unemployment, large medical bills or simple not wanting to adhere to the order. Recently, a man in Chicago took owing child support to a new level: he owes over half a million dollars.