Representing Your Best Interests in Division of Property, Assets, and Debt
Arizona is a community property state. Generally, all property acquired or debt incurred by either spouse during the marriage is community property and community debt which will be equitably divided in a divorce.
Separate Property and Co-Mingled Property
Separate property is defined as property one person owned prior to the marriage or received as a gift or inherited during the marriage. If separate property is co-mingled with community property during the marriage, it may become community property, depending on the specific circumstances of your case.
Attorney Merle Stolar will examine your particular fact situation to determine what property may be considered community property, and what property may be considered separate property. If you or your spouse own a business, attorney Stolar may recommend that you have a business valuation conducted by an expert to determine each spouse’s marital share of the business. She will also look at your pension and retirement accounts and other assets to ascertain your marital share of the retirement accounts that you and your spouse may have.
For more information and to schedule an initial consultation, please call (520) 246-5600, or contact Merle online.
Debt Division
Marital or community debt generally is any debt incurred during the marriage by either spouse. Marital debt generally is equitably divided between the two individuals even if only one spouse incurred the debt during the marriage. Attorney Merle Stolar will work with you to determine what your share of the marital debt is, and what your responsibility may be for paying the community debt. If necessary, and with your approval, she may use experts to uncover hidden assets or hidden debts to make sure the community debt is divided equitably. Merle’s hands-on approach helps you make the best, informed decisions for your family and for yourself.
For more information and to schedule an initial consultation, please call (520) 246-5600 or Toll Free: (844) 200-8444, or contact Merle online.
