It is common for a married couple to feel as though their assets are communal. When they get married, they often feel as though they jointly own items which are clearly owned by one of them, for example a car or some furniture, and this does not usually cause a problem while the marriage is successful. Unfortunately, some marriages come to an end and the couple’s items must be divided between them so that they can go their separate ways. The process of dividing marital property can be very complicated, both emotionally and legally, especially when items are very valuable, and when the couple no longer get on.

Instruct a Phoenix high net worth divorce lawyer

Different states have different laws which dictate which assets will belong to which partner. In Arizona, community property laws apply. This means that property which was brought in by either partner prior to the marriage will stay with its owner; also, any inheritance and separate gifts are normally considered to be separate property, and will again stay with its owner. Any property or debt obtained by a couple during the marriage, for example, wedding gifts, or which was obtained using the joint funds of the couple, is usually held to be community property, regardless of whether or not only one spouse had a job during the marriage. The court must decide how community property is to be divided, and will consider a number of different factors in reaching their decision. These will include how long the couple were married, the financial requirements of each spouse, whether there are any children, and how much property is to be divided. As the process of division of marital property can be very complicated, it is imperative that each spouse instructs a professional high net worth divorce lawyer in Phoenix who is familiar with the law in Arizona, to ensure they do not lose that to which they are entitled.

Cantor Law Group will effectively deal with division of marital property

The Attorneys at Cantor Law Group use over 70 years of combined experience, including a per the Arizona Board of Legal Specialization, to ensure that our clients get a fair outcome and get to keep property which is rightfully theirs. We are extremely familiar with the Arizona law which governs the division of marital property and are, in fact, a Member of Arizona’s Finest Lawyers®. In recognition of the high standard of our work in dividing marital assets we have been AV® Rated by Martindale-Hubbell® and also listed in the bar Register of Pre-Eminent Lawyers®. Contact us today for a free consultation, so that we can ensure that you get a fair share of your assets.