Divorcing couples in Arizona and around the country often make difficult choices, and some of these decisions can influence their lives for years to come. It is not uncommon for divorcing spouses to make concessions during property division negotiations to reach a settlement quickly and put the whole process behind them, but making important decisions without considering all of the financial ramifications can leave spouses open to harassment from bill collectors and with credit damage that can take years to rectify.
As many Arizona residents may already know, divorce can take a heavy toll on a family. Not only does it emotionally stress both spouses, but it can also be very strenuous for the children who have to watch their family being torn apart. This effect might be amplified if one parent wins sole custody of the children, meaning that the other parent won't get to see their kids as often as they used to.
Married entrepreneurs in Maricopa County should take steps to keep their business finances separate from their marital and personal expenses. Otherwise, business assets may not be considered separate property in a divorce. A prenuptial agreement offers one of the best ways to determine what is and isn't marital property for a couple.
Marital dissolution is a major life event affecting millions of Americans. While common, divorce is not the only option for people who wish to end a relationship. In Arizona, spouses may legally separate instead for several reasons.
Family court cases present multiple issues, such as legal decision-making for a child, parenting time, child support, spousal maintenance, and property or debt division. Each of these issues, in turn, is complex. So it is not unusual for parties to get disorganized, confused, or overwhelmed by the minutiae of divorce filings. Without support and helpful resources, people can misstep.
There is a lot to do and think about when navigating the family court process. People are often figuring out their finances, living situation, and parenting schedules - not to mention coping with the difficult emotions.
If you are ready to end your marriage but your spouse isn't, you can be understandably concerned about whether he or she will be able to prevent you from getting a divorce. In the end, a reluctant spouse can probably delay a divorce, but rarely succeeds in stopping it.
A great many people live online, from making digital bank transactions to updating social media. And while technology and the Internet have led to incredible advances in our society, there is a darker side.
One of the main concerns people have when they divorce is what their financial situation will look like after the divorce. This is not unusual, as going from a single household with one or two incomes to two separate households can take a toll on parties' economic resources.
We have written numerous blogs discussing some of the things people should or should not do during a divorce. However, it's not just about what people do while getting divorced that affects the outcome; what they say can have an impact as well.