Tucson Complex Property Division Attorneys
The manner in which property is divided in a divorce can have a significant impact on your financial security and well-being. At Ayala Law Office, P.C., we consider all financial issues that may affect our clients in a divorce, including division of property, allocation of debt, child support and other important factors.
Our attorneys are adept at handling complex property division issues that may arise in a divorce, including:
- Valuation of a closely held business
- Division of retirement accounts
- Division of stocks and investment funds
- Commingling of community property and separate property
- Valuation of real estate
- Sale or refinance of the marital home
- Child support in all types of cases, including those with a self-employed spouse
We have the experience and expertise necessary to provide the sophisticated representation your case demands. To speak with a Tucson divorce attorney, contact Ayala Law.
Property Division In Arizona
Arizona is a community property state. Property acquired during a marriage is typically community property. Certain exceptions exist, including property gained by inheritance during a marriage, where they may not be considered a marital asset unless the funds were commingled.
Separate property is any property acquired prior to marriage and limited types of property acquired during marriage (e.g., gifts, inheritance and certain proceeds from a spouse’s personal injury claim). Complications arise, however, when separate property is commingled with community property. When necessary, we have the ability to retain forensic accountants and we have specialized attorneys and financial professionals who can assist in these and other complex property division issues.
No-Fault Divorce And Fault-Based Divorce
In Arizona, you may file for a no-fault divorce and there is no statute that allows a party to receive a larger percentage of the marital estate unless you give it up by agreement. However, if one of the parties has wasted marital assets, such as by gambling or hiding assets, the existence of this type of fault can have an impact on the division of the marital estate and a claim can be made to request the reimbursement of those funds toward the estates distribution. If you believe this type of waste has occurred during your marriage, is critical that you receive sound advice and experienced representation from a highly qualified divorce lawyer who can review your evidence and advise you as to what can be done to try to recover from the damages incurred.