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Property Division Archives

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 to it, a party to a divorce can end up getting an unfair deal that they may wind up just having to live with. Incidentally, understanding asset valuation is also important for happily married couples when they are selling something like a house, a car or even a piece of furniture.

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 can affect property division and other court decisions. Incidentally, knowing how to value one's art can also be of benefit even to happily married couples who might need to know this information for business or tax reasons.

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 breaks or health insurance.

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 asset valuation and division will be handled in the event of either death or divorce, and the courts will enforce that agreement.

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 understanding as to how state law views property and which party has a right to it is one of the key factors in a case.

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 contentious issue many divorcing Arizona spouses face is property division. In most cases, these disputes revolve around who gets what when it comes time to divide marital property.

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 is rightfully theirs. While some divorcing spouses can sort through their assets and property with little to no issues, others find themselves in frequent disputes during the property division process.

Helping you through the property division process

Divorce is never easy. That is true even in cases where spouses collaborate and work together through all the steps of the process. In many cases, divorcing spouses will extend the process, focus on minute details, refuse to budge on issues and even act spiteful. This is likely to result in wasted time, money and emotional sanity.