No matter who you are, divorce is a life-changing event. It is one of the hardest events that a person has to go through and one of the most stressful. This is particularly true when the two of you own an Arizona business together.
You probably know going into a divorce in Arizona that you are not going to walk away with ownership of all the assets you had as a married couple. Property division is a main part of any divorce proceeding.
Divorce is a financially tolling experience regardless of at which age a couple chooses to go through it. However, recent findings suggest that gray divorce — or the phenomenon of splitting up after age 50 — may be particularly devastating to one’s financial health, far more so than if he or she were to divorce at a younger age.
Marriage can be tough, and when the challenges of legal relationships become too much, some Arizona residents decide to go through the divorce process. A divorce breaks the bonds that unite two lives together and allows them to resume their separate existences.
