As people enter into divorce proceedings in Gilbert, they understand that there will be many assets that they will have to divide between themselves and their ex-spouses. Many, however, feel blindsided the fact that their 401k falls among them.
When couples in Arizona divorce, they have to divide their property according to community property law. If spouses operated a business together, divorce proceedings may become complicated.
Here are factors that affect how couples may divide their business during a divorce.
Once you obtain your Arizona divorce, circumstances may arise that require you to relocate. But if you are a parent, you need to make sure you handle your relocation properly. As the Arizona Code explains, failure to do so could result in the court sanctioning you.
Getting a divorce is really about separating your lives. In many cases, you can do this outside of court by coming to a fair agreement. However, even if you create your own agreement regarding property, you still have to be sure that it follows the law.