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What Are the Biggest High Net Worth Divorce Mistakes?
No divorce is easy because a divorce comes with strong emotions, whether it’s sadness, bitterness, or anxiety about the future, but when the financial stakes are high, so is the amount of contention during a divorce. Like the majority of states, Arizona requires divorcing spouses to divide their marital assets in a way that’s…
Explaining Contested and Uncontested Divorces
No couple walks down the aisle expecting it to end in divorce court, but life sometimes takes people in unanticipated directions. Fortunately, not all divorcing spouses have to litigate their divorce inside a courtroom. A divorce trial means an impartial judge who doesn’t personally know their situation makes all the final decisions for how…
Why is Asset Protection So Important in a Divorce?
Like many states, Arizona is a community property divorce state. In a community property state, divorcing spouses must equitably divide all marital property in a manner that’s fair if not strictly 50/50. The way the spouses or the judge divides the entirety of the couple’s property depends on when and how they acquired each…
Divorce & Bankruptcy in Arizona
How Bankruptcy Affects Divorce in Arizona Is it better to declare bankruptcy before or after divorce in Arizona? Well, that depends. Declaring bankruptcy will impact divorce proceedings, primarily the property settlement. And the property division in divorce will directly affect the former spouse’s bankruptcy estate. Most people file bankruptcy because debt collectors are hounding…