Thinking about taxes and how they will affect a divorce or separation is not just an exercise that the wealthiest residents of the Phoenix area should undertake. Indeed, as a previous post pointed out, any separated parents who have children, and, thus, the ability to...
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Property Division
Sentimental value versus market value in property division
As this blog has discussed, part of the divorce or separation process in Arizona involves dividing up property. When doing so, one of the biggest if not the biggest issue involves asset valuation and division. It is an important issue because, without paying attention...
How is the value of art determined?
In the event of a divorce or a legal separation, a Phoenix couple that happens to own a piece of unique artwork, as opposed to a commercially available reproduction, will face the difficult question of how much the art is actually worth. The answer to this question...
Introduction to the discovery process
One topic that comes up in a divorce or legal separation in Arizona is property division. As a community property state, Arizona has certain rules that are designed to ensure that each spouse gets his or her fair share of the property that they worked together to...
Legal separation and property division
As is the case in other states, Arizona has a process by which a couple can choose to obtain a legal separation instead of a divorce. There a number of reasons a couple might choose to take this route, including personal moral beliefs or for financial reasons like tax...
Property division: How can I put a value on our family business?
One of the hardest pieces of property to put a precise value on is a family or other closely-held business.Unlike other valuable items, like a bank account or even shares of stock, one cannot just go to a reliable source and look up the dollar value of a family...
A review of Arizona prenuptial agreements
Like other states in the country, Arizona allows couples to enter into prenuptial agreements, which are technically called premarital agreements in this state. This means that if two Phoenix residents decide to marry, they can make an agreement in advance as to how...
Community property and property division: What should I know?
An Arizona couple that has decided to end a marriage and move forward with a divorce will have many issues to sort out. One that is often contentious is property division. This is true whether it is an affluent couple or one of more modest means. Having an...
Deciding who gets what when dividing marital property
Disputes often come up at various points in the divorce process. From the very beginning at the decision to file for dissolution to the very end right before a divorce decree is signed, serious and lengthy disputes may occur throughout the divorce. One very...
Determining who get the home during divorce
Deciding to get a divorce means many different things for couples in Arizona. Divorcing couples will face a multitude of changes moving forward. In order to help transition from married life to single life, spouses seek to leave their marriage with what they believe...