In Arizona, the law attempts to create a nearly equal division of property between the spouses going through divorce proceedings, but this is not always as simple as it sounds. The term “property” covers all kinds of items, including:
- Financial accounts, such as shared bank or investment accounts
- Cars, trucks, and other vehicles, which are generally divided based on who most frequently drove each vehicle
- Personal property, such as furniture, televisions, computers, etc.
- Retirement accounts and pensions, which may come into play if the spouses do not have nearly equal accounts
- “Real” property, which includes your house or other real estate
- Community businesses, which may be divided in a number of ways depending on what you and your spouse agree upon
Generally, you will be given the chance to decide with your spouse exactly how the property is divided. However, if you are unable to come to an agreement, the Court will decide for you, and your assets will be divided as equitably as possible under Arizona law.
If you have questions about property division after a divorce in Scottsdale, contact a compassionate and experienced Scottsdale divorce lawyer today at 1-888-929-5292 for a completely free, no-pressure evaluation of your case. The Scottsdale divorce attorneys with Curry, Pearson & Wooten know that divorce is never easy. We have prepared a helpful book filled with the information you need at this difficult time, which we offer completely free of charge to Arizona residents. Request your free copy of Arizona Family Law – How to Handle Tough Issues in Tough Times today by either giving us a call or filling out our confidential online contact form. We look forward to speaking with you.