After going through a divorce, many co-parents in Arizona feel like they are navigating through a completely different world. While they are dealing with their own pain, they also need to make smart parenting decisions as they look out for the best interests of their...
Serving With Skill And Compassion
Divorce
Considerations for splitting an IRA among divorcing couples.
In Maricopa County and around the country, there has been an alarming increase in the number of divorces in couples over 50. Often referred to as grey divorces, these marital splits have brought about new challenges regarding the division of assets. One example is...
Reset finances by discussing a postnuptial agreement
One way that some couples in Arizona have decided to reset their finances is by discussing a postnuptial agreement. This legal document is similar to a prenuptial agreement. One major difference between these two agreements is when they are signed. Prenuptial...
Divorces peak in the beginning of January
Legal professionals in Arizona and other states have started calling January "Divorce Month." Statistics from a study conducted in 2016 at the University of Washington confirmed that divorce filings went up in the month of January from the year 2001 to 2015....
Divorce may alter a person’s retirement plans
Marital dissolution will almost always require division (or some other solution) for retirement assets. Furthermore, if the plan (such as a 401k) falls under a particular federal law ('ERISA'), you will likely need a special, extra order called a "qualified domestic...
How to make sure your kid goes to the right parent after school
The first few months of the school year can be hard for parents that divorced within the last few months. Not only do you not spend as much time with your child as you did in the summer, but you also might have a new custody schedule to deal with. The time the child...
Handling a house buyout in a divorce
When divorcing couples enter into property division negotiations, the marital home is usually the most valuable asset discussed. The community property laws in Arizona require marital assets to be divided equally, which means establishing an agreed-upon value for the...
A split doesn’t have to cause havoc on credit
When Arizona residents decide to seek a divorce, there are many areas of concern in how to build a new life. Finances, including credit score, are of great importance since they can determine quality of life after the divorce. There are steps that can be taken before...
Assuming a mortgage isn’t always possible
Arizona couples tend to have a few significant assets such as a retirement or bank account that will need to be divided in their divorces. In addition, a couple could own a home that has significant equity that must be split. In some cases, the home will be liquidated...
How older adults can prepare for divorce
Couples in Maricopa County who have been married for decades might be more likely to get a divorce than younger couples who have only been together for a few years. Divorce is on the rise for people who are 55 and older, and for people 65 and older, the divorce rate...