Divorce is a complex process, and a complicated part of that process is the property division. Arizona is a “community property” state, meaning any items and debts acquired during a marriage will be divided equitably. Each spouse will not necessarily get an equal amount of assets, but it guarantees that the division is fair. Couples can often agree on all their debts and assets and easily divide things up their way with an attorney’s help.
We understand that an amicable divorce is not always realistic, and if this is the case for you, the courts can decide the property division. Spouses should make sure to label all separate property (those acquired before the marriage or acquired through inheritance) so that it is not factored into the division.
Differentiating community property from separate property can be complicated, especially if one spouse owns a business or another asset contributing funds. If you have a complicated property situation, we highly suggest you consult with a Chandler divorce attorney at Shaffer Family Law before deciding. You will need to establish property values with appraisals if you want to guarantee that your property division is entirely fair. We are here to help this process as quickly and smoothly as possible. Give us a call today at (480) 470-3030.