Community Property in Arizona
Family Law Representation in the state of Arizona
Are you considering getting a divorce? It is important that you are aware of the different types of property division that may affect you in the state of Arizona. If you are divorcing, separating or considering splitting from your spouse without a pre-nuptial or post-nuptial agreement that defines what and how property will be distributed in the event of a divorce, it is imperative that you work with The Law Offices of Kevin Jensen. Our legal team will guide you through the legal options you may have and determine the best course of action to take.
The state of Arizona considers any property that has been acquired by a person during the time of their marriage or while they lived with their spouse to be considered community property. This includes income that was obtained during the course of the marriage or things that were given as gifts during the marriage. Without pre or post-nuptial agreements in place to be enforced, the property that is considered communal during a divorce will most likely be dived equally. These property divisions can be confusing and to determine what is rightfully yours and rightfully theirs, you will need to work with an understanding Arizona family law attorney.
How is the property divided?
In Arizona, the community property may not be actually divided by physical objects, but rather by the value of each object. This may mean that in a divorce, one spouse will receive the home, the other the car, and the investment properties and businesses will be distributed evenly between the couple in terms of financial value. Most judges will determine the net value of the couple during the marriage and distribute the property or assets that were obtained equally during the marriage. If businesses or educational decreases or licenses were obtained during the marriage as well, the state may reimburse the cost of acquiring them.
Why Work With Kevin Jensen
Kevin Jensen understands that every family law case can be stressful and emotional. We work hard to quickly and effectively reduce the stress that may be impeded upon you during a divorce by assisting you in obtaining a swift and favorable resolution as soon as possible. When you are going through a divorce or if you and your spouse are considering separating, do not hesitate to contact us today and schedule a case evaluation as soon as possible. With the guidance of our legal team, you may be able to reserve what is rightfully yours in the event of a divorce. Our attorneys will fight for your property and assets. You have nothing to lose and everything to gain, so do not hesitate to work with our firm as soon as possible.