When people get divorced, the judge will issue an order that not only divides the property of the respective spouses, but also allocates the responsibility to pay any debts. People need to be aware that creditors, however, do not have to follow a family court's order...
Divorce
Divorce in Arizona
Some Arizona residents contemplating divorce may be interested in knowing what the proper procedure is. Divorce is legally referred to as a dissolution in Arizona, and one spouse is able to file and claim that the marriage is irretrievably broken. The petitioner must...
Divorce rates are lower than 50 percent, report says
According to popular conception, at least 50 percent of marriages do not last. However, this conception may be based in more myth than fact, report authorities. Arizona couples might take interest in a Dec. 2 New York Times report asserting that approximately 70...
Important financial considerations during a divorce
Arizona residents may wonder about the financial needs they will have after a divorce. This is partly based on an individual's economic status during marriage. Understanding marital assets and the way they might be divided is important. There are a few financial areas...
Billionaire’s wife seeks to void prenup
Many Arizona investors read earlier in 2014 that a billionaire hedge fund manager had announced his intent to divorce his wife of 11 years. In response to his divorce petition, his wife is asking that the terms of a prenuptial agreement the two signed be voided. The...
Citadel founder seeks divorce
Arizona residents may have heard that the founder of the $20 billion Citadel LLC has filed for divorce from his wife of 11 years. He allegedly did so without her knowledge, but the couple had been separated for a year. The founder's wife is a former hedge fund...
How to best divide a home during divorce
What's the best way to divide a home during divorce? For Arizona couples going through the property division phase of divorce, this may be a particularly pressing question. There's no single correct way to divide a home, and different financial experts may offer...
Property division in “grey divorces”
America has seen an increase in the national divorce rate over the last several decades, and it is well reflected in the aging population of Arizona. The divorce rate for people over 50 is twice what it was in 1990, and the percentage of people between ages 65 and 75...
Frank McCourt awarded legal fees after divorce dispute
Residents in Arizona may be interested in a recent ruling in a high-profile high-asset divorce dispute. According to reports, Frank McCourt, the former owner of a Major League Baseball team, was awarded $1.9 million in legal fees after his former wife sought to change...
Pets have uncertain place in divorce
Melanie Griffith and Antonio Banderas' divorce highlights a problem with asset division that Arizona couples with pets might encounter. Reports suggest a custody battle might ensue over the famous pair's three dogs. Griffith wants the dogs, but this may be a...
