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.
If you are a business owner in Arizona facing divorce, it will be necessary for you to get a professional appraisal of your company. At Wilson-Goodman Law Group, PLLC, we have a deep understanding of the process of dividing significant assets such as businesses, and we often work with business owners to achieve their goals for the property division phase of the divorce.
The leading cause of friction in Arizona marriages tends to be money. A disparity between incomes and/or credit scores can spell doom for a marriage within the first five years. That being the case, you may assume that having more money and/or better credit could make you less likely to divorce.
Dealing with the financial aspects of getting a divorce in Arizona may be more complicated if you and your spouse have significant financial assets. If you have a high net worth, dealing with property division, alimony and child support may require in-depth knowledge of state laws and financial management.
