Arizona couples considering marriage may benefit from a prenuptial agreement. According to a 2016 American Academy of Matrimonial Lawyers survey, prenuptial agreements are increasingly popular among Millennial couples. The survey found that 51 percent of the 1,600...
Divorce
Divorce and student loans
Many Arizona residents used student loans as a way to pay for their higher education. While this type of debt is often burdensome, it can take on special significance during and after a divorce.Many people first start taking out student loans before they get married....
Beware of asset depletion in divorce
An Arizona person who is divorcing may be concerned about the other spouse dissipating assets. In some relationships, one spouse may have been a high earner while the other stayed home to care for the children. This stay-at-home spouse may not have had the opportunity...
Approaching important money issues during divorce action
Many Arizona couples struggle with money disagreements throughout their marriages. In fact, financial disputes are among the leading causes of divorce. While a wedding can be an expensive venture, divorce carries its own share of costs. A couple needs to address both...
More and more people are divorcing after age 50
Arizona seniors who are going through divorce are not alone. Divorce is increasingly common among people who are close to retirement age. Data shows that the divorce rate for couples over the age of 50 has doubled since 1990. When a couple divorces right before they...
Money questions couples should discuss
Because conflict over money is one of the leading causes of divorce, Arizona couples who are getting married should discuss a number of issues beforehand to make sure they are in agreement on how they will handle their finances. First, a general conversation about...
Cohabitation gaining prominence despite risk
Arizona couples who are unmarried but living together may be entering an area of financial risk if they commingle funds or share a mortgage or other obligation. They may be wise to sign an agreement outlining their rights and responsibilities. Cohabitation agreements...
How divorce affects college funds
A lot of couples never consider what would happen to the college funds they set up for their kids if they were to divorce. This issue is usually addressed in a separation or divorce agreement, which stipulates how assets, including savings accounts, are divided...
Divorce and transitions for children
One of the main concerns for many Arizona parents who are getting a divorce is the impact this will have on their children. They can, however, help their children adjust by trying to reduce conflict between one another. Although this can be challenging, it gives...
Methods of calculating business value in a divorce
An Arizona couple who is ending their marriage must divide their property, and if a business is involved, the process may be more complicated. They will first need to know the value of the business. An appraiser can perform either a full valuation or a calculation of...
