Although, in some ways, community property laws make some things a lot simpler, determining what is and is not community property can still be a complex and daunting process. And something like a personal injury settlement awarded during a marriage is an excellent example of how confusing this can become.
For the most part, how your personal injury settlement is classified in the divorce will depend on the types of damages you were awarded and how that money was handled afterwards. For example, damages for lost wages might be considered community property, but damages for pain and suffering might be considered separate property. Additionally, if you later used part of that settlement to pay off the mortgage or invest in an account you both own, that money may now be considered community or commingled property and divided in the divorce.
If you are concerned about commingled assets or need help separating assets in an Arizona divorce, seek the advice of a skilled professional. Call Curry, Pearson & Wooten today at 1-888-929-5292 to speak with a Phoenix divorce lawyer who can help. We’d be happy to meet with you in a completely free, no-pressure consultation to discuss your divorce concerns.
If you are interested in learning more about how a Phoenix family law attorney can help you and your loved ones, we invite you to take a look at our FREE book Arizona Family Law – How to Handle Tough Issues in Tough Times. Just give us a call or fill out our online contact form to request your copy today.