Deciding to end a marriage is a life-changing step that requires careful planning, particularly when securing your personal finances. Preparing your financial records, separating joint accounts properly, and establishing a realistic budget are essential actions before submitting a petition in Maricopa County.
You’ve worked enthusiastically over the years to build a cherished collection of artwork and collectibles, many with significant sentimental and financial value. When going through an Arizona divorce, separating these assets under the state’s community property laws requires precise financial disclosure.
Arizona’s divorce law requires a “fair and equitable distribution of marital assets between both spouses. Typically, this includes all accounts, real estate property, vehicles, and household items acquired during the marriage.
A business owner invests heavily in their company’s success, not only financially but often emotionally as well. It can be difficult to accept that a spouse has the right to a fair share of the company you’ve worked so hard to build, but Arizona’s community property divorce law may consider a company as belonging to the marital community and subject to the equal division of its value.
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