Arizona is a community property state. In fact, it is one of only nine in the United States. There are some common misconceptions regarding what is considered community property in an Arizona marriage and how community property is divided in an Arizona divorce.
If you are contemplating an Arizona divorce or are in the midst of a divorce, you may be concerned about your tax filing status. The following is a brief overview of matters to consider when approaching tax filing season with your soon-to-be ex-spouse.
Arizona is a community property state. Therefore, both spouses share equitably in all property acquired, earned, and purchased during the marriage. This includes not only houses, cars, and tangible goods but also retirement assets like pensions, 401k, and IRA accounts.
People often wonder about annulments in Arizona and if there are benefits to ending their marriage through the annulment process. While an annulment may seem like another type of divorce, the two legal proceedings are quite different and can render very different results for divorcing spouses.