The process of getting divorced in Arizona can be just as much of a financial roller coaster as it is an emotional one. This is true whether a couple has been married for a short time or for decades. In either situation, two spouses who are going through divorce have to figure out how to untangle their intertwined lives, and this is never an easy process.
Business ownership is considered a personal property right. Naturally, when business owners in Arizona get married, they may opt to share their personal property with their new spouses. Unfortunately, this can pose problems if divorce ends up happening. For this reason, signing a prenuptial agreement before the big day can be beneficial.
Dissolving a marriage in Arizona generally has a huge impact on the majority of couples' retirement planning. In fact, the closer a couple is to retirement, the more drastically their plans may end up veering off course. A couple of tips may help those navigating divorce close to their golden years.
Getting divorced in Arizona can be messy because this legal process involves untangling not just hearts but also finances. One of the biggest causes of conflict during divorce is property division. However, dealing with credit is also an important consideration during this type of family law proceeding.
Navigating the dissolution of a marriage in Arizona is one of the most difficult experiences anyone can go through, both emotionally and financially. In many divorce situations, the biggest area of concern and contention is the family home, especially if the two divorcing spouses have children together. After all, in many families, the marital home is the largest asset.
Divorce sometimes cannot be avoided if the two spouses simply cannot reconcile their differences. However, figuring out how to navigate this type of legal proceeding in Arizona can be overwhelming. An important first step to remember when starting out is to file the necessary initial court papers. Typically, one spouse files a petition for divorce, and the other one files a formal answer.
In some marital split-ups in Arizona, the spouses simply cannot agree on the major issues they are facing, ranging from the division of assets to child custody, child support and spousal support. However, in other divorce cases, the two spouses agree to get divorced and also agree on these types of major issues. In these situations, filing for uncontested divorces may be a beneficial move.
The process of getting divorced is understandably an emotional one, but it is also a major financial process. This is especially true for couples who have amassed a high volume of assets, particularly high-value assets, over the years. A couple of tips may help with navigating the financial aspect of a divorce in Arizona.
Making the decision to get divorced is the first step in dissolving a marriage in Arizona. Several other steps follow this decision. Although a divorce proceeding can be unpredictable, knowing what to expect can help to make dealing with unpleasant surprises a little easier.
The emotional, financial and legal aspects of an Arizona divorce proceeding can make this type of family law proceeding complicated. This is true whether the division of assets involves just a few items or many. It is especially true if the divorce also involves minor-aged children of the parties.