One of the hardest parts of a divorce is dividing up the assets. Many Arizona residents are concerned about their financial state, and they are left wondering whether the decision to end their marriage will leave them in financial ruin. There are some tips, however,...
Divorce
Prenuptial agreements protect assets
It is becoming more common for Arizona residents to get prenuptial agreements prior to getting married. Traditionally, only those who were wealthy or were walking down the aisle for the second time would get a prenuptial agreement to protect the assets that they...
Social Security benefits for former spouses
It is not uncommon for one person in a marriage to forego employment opportunities in order to stay home and take care of household and child rearing duties while the other spouse has a lucrative career. This could have an adverse effect on his or her future Social...
Considerations before filing for divorce
Many Arizonans who want to divorce in 2016 may choose to file shortly after Jan. 1 so that they can start their new year with a fresh start. Without careful planning, however, rushing a divorce may make the process more difficult.One of the most important steps a...
Knowledge of finances crucial when negotiating a divorce
During a divorce, the finances of both partners come under legal scrutiny. Financial matters often trigger marital stress, and, when a divorce results, disputes about money often persist. When marriage partners cannot agree on the terms of a divorce, the court will...
How to divide retirement accounts
Individuals in Arizona who are getting a divorce must divide their property, and this may include retirement accounts. However, there are regulations about how retirement accounts can be distributed in a divorce in order to avoid taxes and penalties.If couples are...
Older people divorcing in record numbers
Divorce among Arizona retirees may be on the rise, as married couples over 50 are deciding to call it quits at record numbers. According to researchers from Bowling Green State University, twice as many people in that age group divorced in 2014 than in 1990. While...
Hiding assets and spending from spouses in Arizona
A recent survey indicates that financial infidelity in a marriage, described as hiding funds or spending from a spouse, is more common than people may have thought. The telephone survey of over 840 Americans determined that some spouses will open bank and credit card...
Dividing a business in a divorce
When an Arizona business owner goes through a divorce, losing the company can be a big fear. Whether a business was jointly owned by the spouses or owned by just one of them, there will be questions about how the business assets should be divided in a divorce...
Halle Berry going through 3rd divorce
After being married for two years, actors Halle Berry and Olivier Martinez are calling it quits. Arizona residents may be interested to know that the couple released a statement announcing their divorce to CNN on Oct. 27. The pair met in 2012 on the movie set for...