As you move forward with the divorce process, one of the first things that
comes to mind is property division. You want to keep as much as possible,
while your soon-to-be ex-spouse feels the same way.
The way the process unfolds depends largely on where you live. Arizona,
for example, is a community property state. This means that any wealth
accumulated during the marriage must be divided. This holds true regardless
of the name on the title or who earned the money.
Even so, some assets do not fall under the
community property umbrella. For example, an inheritance received by one spouse during marriage
does not have to be divided.
Some of the details to focus on include:
-- The marital home and any other real estate interests
-- Vehicles, including cars and boats
-- Retirement savings, including pensions
-- Business interests
When it comes down to it, splitting everything 50-50 is next to impossible.
That said, it would be in your best interest to fight for what is yours.
When everything is said and done, you want to make sure you are comfortable
with how your marital property is being divided.
As you go through divorce, there are many questions to answer and challenges
to overcome. Details regarding property division are sure to come to the
forefront, as both parties fight to secure as many assets as possible.
If you find yourself in this position and seeking answers, our website
can point you in the right direction. For more information and advice,
read our "Tempe Divorce Lawyers" webpage.