Arizona divorce law was founded on the principal of “community property.” This means that anything and everything acquired during a marriage, including antiques, paintings and jewelry will be split right down the middle in a divorce. Family businesses, as well as stock options, retirement benefits and real estate, can also be subject to property division. People with significant assets need to make sure that they understand how a divorce might affect their future finances.
Posts Tagged ‘Arizona Divorce Law’
It’s not easy to find the ‘magic’ dollar amount of child support that makes both divorcing spouses happy. In most Arizona divorce cases, the parent with primary child custody feels short-changed on child support payments. At the other end of the spectrum, it is common for the noncustodial parent to feel as though they are constantly being hounded for more and more money. This constant struggle can lead to feelings of resentment and anger – two emotions that can prevent spouses from achieving the fresh start that they deserve.
The average age of alter bound women in the U.S. is 30, and for men, it’s 31. Since many successful people in their 20s and 30s are staying single longer and marrying later in life, wealth and money management is critical. And while no one enters into a marriage with thoughts of divorce on their mind, the following statistic will still hold true – in a given year, about 40 to 50 percent of couples that get married will end up getting divorced.
Dealing with these rough economic times can be tough on business owners. But throw a divorce into the mix, and things can get even more overwhelming. Oftentimes, parties to a divorce will make misinformed decisions based on their emotions. These ‘mistakes’ can be detrimental to the livelihood of a business and might even wash years of hard work down the drain. Luckily, these types of problems can be avoided, and it is possible for business owners to weather the storm, and complete the dissolution process without losing their life’s work.
Deciding who gets to keep the house in a divorce settlement should always be a financial decision, NOT an emotional one. While acknowledging your feelings is an important part of the healing process, those feelings should not come into play when deciding what to do with the house. In order to give yourself the opportunity to truly start over, you’ve got to remember that feelings and money don’t mix very well. Therefore, it can be helpful for divorcing spouses to consult with an outside 3rd party – someone who knows the financial ins and outs of divorce in Arizona.
If you’re going through a divorce, you’ve probably been overwhelmed with an enormous amount of advice from family, friends and people who say that they “understand exactly what you are going through” or that they have “been there before”. While turning to friends and family for emotional support can be extremely beneficial, going to them for financial advice might lead to disaster.
While it is completely understandable to have hostile emotions against your spouse during your divorce, it is important to consider that the two of you are still parenting partners. The relationship you project as parents will have an affect on the relationship that your children have with both of you. It will be most beneficial for your family if you respect each other around your children.
After deciding to separate and divorce the person you were once married to, it’s understandably difficult to consider keeping that person as a part of your life. You may never want to see or talk to them again, but it’s important to negotiate a new relationship with them, especially when there are children involved.
When two people decide to separate or divorce, they may not consider the levels of detachment that will be caused by their decision, because becoming independent is the most important thing on their mind. But once reality sets in, they will need to consider how their divorce or separation is going to affect the many aspects of their life.
When going through a divorce, it’s understandable if you feel like being alone, and that socializing with friends and family is the last thing you want to do. You might feel lost or that you can’t control your emotions, and you will probably feel unlike yourself. But you don’t have to go through this difficult time in your life on your own. There are many ways for you to seek help and support when going through a divorce.
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