Posts tagged "Property Division"

Don't ride into the sunset without your share of the assets

When your marriage has reached the end of the road in Arizona, your journey isn't over. You might be heading in a different direction, and you might be travelling alone, but you're still moving. What you bring with you on this new adventure will depend largely on how your divorce plays out.

Study shows unique ways divorce affects children's behavior

Researchers in the field of child psychology have known for years of the harmful effects to children when families undergo divorce. However, until recently, it was suspected that the negative effects divorce has on children was not linked to the financial status of the family.

Post-Divorce Property Division: What to Expect in a Community Property State

Arizona is one of only nine community property states. In a community property jurisdiction, most property acquired during the marriage, excluding separate property, is owned jointly by both parties in the marriage and divided evenly upon divorce, annulment, or death. Under community property laws, all property is automatically presumed to be joint community property absent specific evidence proving otherwise. If property is deemed separate property, then the owner of said property will retain sole possession over it. However, if the property is categorized as community property, then it is divided among both parties equally. Some common examples of separate and community property are as follows:

When a collaborative split may not be the best idea

We frequently write about the advantages of amicable and collaborative divorces between married partners and splits between unmarried, cohabitating couples. When separations of any kind are amicable, fair, collaborative and cooperative, they tend to be less costly and less time-consuming than contentious, litigated divorce cases. However, an amicable and collaborative approach is not one that should be embraced by all couples.

Divorcing in the middle of a build or a remodel

It is no secret that remodeling or building a home can be expensive and time consuming. From the discovery of a hidden mold problem to the difficulty of choosing new fixtures and design elements, this process can also create stress that almost inevitably weighs on a family while the project is ongoing or recently completed. In some cases, the difficulties experienced during a home renovation project may speak to larger issues that eventually give way to the end of a relationship when the project is finished.

Please remember that spousal support has tax consequences

Tax season is now well underway. Most Americans do not file their taxes until February, March and even April. If you fall into this majority and have not filed your taxes yet, please remember that spousal maintenance results in certain tax consequences. If you pay or receive spousal maintenance, bring this fact to the attention of the professional who does your taxes.

Family law for modern families

One of the most popular shows on television is ABC’s “Modern Family.” The show features an engaged homosexual couple and two married heterosexual couples. The children on the show are biologically related to their parents, are adopted or are step-children. The structure of the extended “modern family” that appears on the show reinforces the idea that modern American families are structured in increasingly complex ways. One no longer needs to be related by blood or marriage in order to be considered part of an American family. Thankfully, the law is taking an expanded view of families as familial structure throughout the nation continues to evolve.

Divorce and year-round tax considerations

Tax season has come and gone for 2013. However, taxes are not simply a reality to be dealt with every April. Several divorce and tax issues impact separating couples during the divorce process, immediately afterward and year-round. Failure to take certain tax-related considerations into your divorce planning, property separation agreement and child custody arrangements can directly impact your financial future. This simple fact makes it vitally important that you discuss tax-related issues with your family law attorney, whatever the nature of your dispute happens to be.

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