Spousal support (alimony) is money paid by one spouse to the other in order to assist the recipient spouse achieve financial independence, if possible, and to recognize the recipient’s contributions to the marriage. It is not meant as a “parting gift” or “reparations” or a “good sport award” to reward a spouse for enduring a long marriage.
In a divorce, each spouse is entitled to 50 percent of the community assets if the couple resides in a community property state. Dividing impersonal as-sets with a deﬁned value is simple. But a family business is rarely impersonal. It’s not just a job—for most, it’s their life and livelihood. The value deﬁes the certainty of a
In a divorce, parties frequently engage in ﬁerce ﬁghts, each defending their separate property turf against the other partyʼs claims. “Separate property” is any property brought into a marriage or subsequently inherited by one spouse or gifted to one spouse, as well as all rents and proceeds from that property. Arizona law (A.R.S. §25-213) ﬁercely protects separate
Why Can’t Divorcing Spouses Just Divide Community Assets Equally? “Justice?—You get justice in the next world, in this world, you have the law.” —William Gaddis, A Frolic of His Own Married couples typically take an all-for-one and one-for-all approach when acquiring assets. After all, they are in partnership and building a future for better or for worse.
The emotional pain of a divorce can be sharpened exponentially when a person discovers that his or her spouse has hidden marital property. The search for these assets can be complicated and expensive, but the potential remedies are powerful. Stay alert to financial documents mailed to your home or stored on common computers. Additionally, there are many
Peace is that glorious moment in history when everyone stops to reload. —Thomas Jeﬀerson Congratulations!? By settling, you have just exerted some control over the madness of divorce litigation. But to avoid having your agreement be just a momentary blip of peace between battles, make sure it is tightly crafted. When it comes to interpreting agreements, the