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.
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.
