Arizona Community Property Division
Property division is an issue that will need to be addressed in an Arizona divorce or legal separation. While both parties negotiating a divorce agreement out of court will have some leeway in determining which spouse gets what property or assets, if your divorce goes to court the judge will make a ruling of how your property will be divided. If you are interested in learning more about property division and how it may affect your divorce, please contact an Arizona family lawyer at The Law Offices of Kevin Jensen today.
We can review your case and determine how we can help you. Whether you have a good deal of property or do not have many assets, it is still important to learn more about how a divorce or separation may affect you, your spouse and your children in this regard. A lawyer can address these issues for you. Arizona is a community property state, meaning that any assets acquired during a marriage are considered “community property.” This property is subject to distribution between spouses in the event of a divorce or legal separation. However, this does not mean that all property will be distributed equally or evenly. The court will look to a number of factors to determine how to fairly distribute community property between spouses.
Community Property Division in Arizona
The state of Arizona defines property as anything that can be sold or bought, such as a house, cars, clothing, or furniture. Property can also be anything that carries value, such as bank accounts, cash monies, pension plans, retirement plans, 401(k) plans, stocks, life insurance with cash value, businesses, or a patent. When you are going through a divorce or legal separation, the court can make decisions about how to divvy up the property between the partners. This process of division is based on a various amount of factors and details, and as a result, could be very time-consuming, complex, and emotionally exhausting for those involved.
If you are not prepared for the division process, things that you feel could never be measured by numbers or dollar signs all of a sudden are measured in such a way. Placing value on your invaluable marital assets could be distressing and uncomfortable. For your financial security in the future, property division is a vital issue, and though it may be a sensitive one, it must be done. Consulting with an experienced AZ divorce lawyer can help guide you through this process. The attorneys at The Law Offices of Kevin Jensen can assist you in your property division case, and are devoted to getting you the best possible outcome.
How an Arizona Divorce Lawyer Can Help
Are you looking for a lawyer for property division in the Phoenix area? Dealing with property division issues is complex. There are actually a number of factors that need to be reviewed and different ways to determine whether a property may be considered “community” or “separate.” By working with financial professionals and utilizing extensive legal knowledge on the subject, a skilled divorce attorney can determine how to effectively represent your interests in regards to your property and assets. If you are facing a divorce and are considering what assets you have and how property division may affect them, it is imperative that you contact one of our expert family law attorneys. Our lawyers can help you determine what property is rightfully yours.
Contact our dedicated and aggressive legal team today to schedule your case evaluation.