The McCarthy Law Firm News
Did you know that, under Arizona law, unless you have a prenuptial agreement, all retirement benefits acquired after marriage are community property? That means they must be divided equally when the marriage is dissolved. Sounds straightforward enough, right? Avoid wasting your precious retirement dollars. Here’s the high level-view of how Arizona family law applies to retirement benefits.
In an Arizona divorce settlement, you can expect to see retirement benefits considered as community property, unless you had the foresight to sign a prenuptial agreement. As mentioned in our previous post on the division of retirement benefits in divorce, those benefits will need to be divided equally when the marriage is dissolved. We left off at
When you suspect that your spouse has hidden assets, or used assets for a non-community purpose, that’s waste. It’s a common term for abnormal or excessive spending. Examples of waste are: Spending on a non-marital or extra-marital relationship Excessive gifts to third parties Excessive gambling Waste may also include: Destruction of community assets, like intentionally running down