In the state of Arizona, divorcing couples are required to disclose all assets and liabilities as part of the divorce process. Failure to fully disclose or intentionally hiding assets can result in serious consequences, including jail time. Arizona is a community property state, meaning that all assets acquired during the marriage are considered joint property and must be divided equally between the spouses.If a spouse is found guilty of hiding assets in an Arizona divorce, they may face not only financial penalties but also the possibility of criminal charges and imprisonment. It is essential for individuals going through a divorce to be transparent and honest about their financial situation to ensure a fair and equitable division of assets.
Prenuptial agreements, also known as premarital agreements, outline each partner’s financial responsibilities and rights in the event of divorce or death. Prenuptial agreements can include a wide range of topics, such as property division, spousal support, and inheritance rights.
Choosing the best family law attorney to represent you can make a difference in the outcome of your case while also helping you through the emotional process. Read our 5 Tips to picking the best family law attorney for your case.
There are three different ways to terminate a marriage in Arizona and the process for each is very similar, but the consequences are not, which is why a consultation with an experienced divorce lawyer is always recommended before you proceed. The three ways to end a marital community are Legal Separation, Divorce and Annulment. The same court has the authority to grant a legal separation, a divorce, or an annulment. If you’re considering a legal separation vs divorce or annulment you should get a consultation from an experienced divorce attorney. Call Colburn Hintze Maletta.
When a parent finds himself in difficult financial straits, child support payments may go into arrears. This means that interest will be compounded and added to the regular payments. The longer that the payment is overdue, the higher amount of child support arrears could occur.
The legal process of gathering and distributing assets to beneficiaries mentioned in a deceased person’s will, and the paying of any final debts and taxes.
