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.
When couples get divorced and are unable to split their property, they may seek the guidance of a court. When they are unable to determine the measures and basis to divide the property, the court may group the assets.
Depending on the length of your marriage, you and your spouse may have a relatively easy time dividing up your property, or you may find that it involves considerable time, effort and expense.
When you and your spouse have accrued significant assets during your marriage, property division may be one of your foremost concerns if you face divorce. Like many states, Arizona uses the equitable division standard for marital property.
