{"id":4753,"date":"2019-09-16T13:13:06","date_gmt":"2019-09-16T20:13:06","guid":{"rendered":"https:\/\/www.jacksonwhitelaw.com\/arizona-family-law\/?p=4753"},"modified":"2022-07-07T13:22:12","modified_gmt":"2022-07-07T20:22:12","slug":"dividing-out-of-state-property-divorce-arizona","status":"publish","type":"post","link":"https:\/\/www.jacksonwhitelaw.com\/arizona-family-law\/blog\/dividing-out-of-state-property-divorce-arizona\/","title":{"rendered":"What Happens To Out-of-State Property When You Get a Divorce in Arizona?"},"content":{"rendered":"
If you are an Arizona resident and getting divorced, you are not alone. Arizona ranks 13th in the nation for the highest divorce rate per capita and the number of divorces seems to be increasing each year.<\/p>\n
If you are getting divorced, you will need to prepare yourself for the changes that will occur. These changes are often stressful and can impact your finances, friendships and living conditions.<\/p>\n
What to expect during a divorce?<\/p>\n
When it comes to dividing property that is in states other than the one where the divorce is taking place, the process is still similar to that of dividing property that exists in the state where the divorce is happening. This means that so long as the property is considered to be community property it will be divided just as normal community property would be.<\/p>\n
From obtaining a divorce decree to ensuring you obtain the best appraisers in order to protect your property and investments, a competent attorney is here to make this process go smoothly. Read on for more information on how property is divided during a divorce.<\/p>\n
Arizona is considered to be a \u201ccommunity property<\/a>\u201d state, and this means that all property and assets, except for inheritance or gifts, obtained by you or your spouse during your marriage belongs equally to both parties when you divorce.<\/p>\n The word property does not solely mean the house and or land that you and your former spouse own, instead property refers to any and all things purchased throughout the course of a marriage.<\/p>\n Common Examples of Real Property to be Divided in a Divorce:<\/p>\n The list of all items considered to be property is extremely lengthy, so the list above only lists several of the most common items and just because an item you have is not listed does not mean it is not considered property and will not be divided<\/a> in a divorce.<\/p>\n If you are unsure whether or not something of yours is considered to be property, a competent and experienced divorce lawyer will gladly assist you in determining what is property as well as ensuring you get what you deserve.<\/p>\n In Arizona, all property and assets purchased during a marriage are considered to be community property, meaning that they were for the betterment and enjoyment of both spouses as well as should a couple decide to divorce, all community property is to be equally divided among them.<\/p>\n Equally dividing property among former spouses may seem easy as it should just be a 50\/50 split, however easiness is rarely the case as when things are not agreed on, they are then sold, and the profits are shared.<\/p>\n When the court is seeking to equally dividing the community property of a marriage there is often debate as to whether or not the property being divided is being shared equally as the division of property is not as simple as splitting 20 or 30 items between two people as each item has differing values.<\/p>\n To ensure that community property is being shared equally, a judge will use appraisal prices on each and every item to come up with a total value of all property and then will use that amount for the division.<\/p>\n\n
Equally Dividing Property<\/h2>\n