When an Arizona resident decides that it is time to end their marriage, they quickly realize just how much is at stake. Not only must they choose to dissolve the legal relationship that exists between them and their spouse, but they must also accept new realities regarding their parenting, property and finances.
It is an often-noted statistic that around one out of every two American marriages ends in divorce. That is to say, about half of all couples who choose to marry will eventually end up in divorce court, sorting out the ends of their relationships.
When the partners choose to end their marriage in divorce, their assets and possessions will be subject to division based on the state’s community property laws. Community property is one way that property may be classified as marital or separate, and then split between the partners to an ending marriage.
The prospect of divorce is something that may put those involved in a highly emotional state for many different reasons. The investment that all parties put in from both an emotional and financial perspective can make the process feel as if everything is on the line.
