Guiding You Through Asset and Debt Division
The division of assets and debts under Arizona community property law can be one of the most complex aspects of divorce. If it is not done properly, based on all relevant information, the results can do serious injustice to one party or the other.
Property division lawyer Kyle Scoresby can help you make a plan for documenting the facts and pursuing fair division of marital property and debts. With more than 30 years of family law experience, he knows how to best approach property division matters. Contact us to schedule a consultation.
Mr. Scoresby Will Help you Accurately Identify Community Property
Arizona is a community property state. This means that when a couple gets married, all property acquired by either spouse during the marriage belongs to both spouses jointly, with a few exceptions including property addressed in a prenuptial agreement.
If you get divorced, you are generally entitled to 50 percent of the total value of your and your spouse’s community property.
The first step Mr. Scoresby will take to help you obtain a fair division of property is to correctly identify all property owned by both spouses and determine whether the property is legally community property or separate property. If your spouse has been hiding assets, this may require the use of investigators.
Fairly Dividing Simple and Complex Assets and Debts
Once the community property is identified, it needs to be divided. Since not every marital asset can be divided 50/50, this may involve some trade-offs. It may also involve complex arrangements for dividing the proceeds from things like retirement accounts, business interests and investments.
Debts may also need to be divided. If so, it is important to work with a lawyer who understands the potential future consequences of debt division.
Handling a Wide Range of Property Division Concerns
Mr. Scoresby can advise you on handling a full range of property division circumstances, from simple estates to complex asset holdings and debts. Mr. Scoresby also has knowledge in assisting unmarried people with the division of property acquired during cohabitation. Don’t hesitate to contact us to learn more.