The character of property is not always obvious and the value of the property must be established. If yours is a high-asset divorce case, then it is very likely that some litigation may be involved to determine the character and value of certain assets. To establish asset valuation in complex cases, we use qualified experts like the following: forensic accountants, business valuators, personal property appraisers, real estate appraisers and realty agents.
To learn more, read How Do Arizona Courts Distribute Property?
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- What is Community Property? All property acquired by either spouse during the marriage is community property — the marital property shared equally by husband and wife. The exceptions are: property acquired by gift, devise,...
- 25-211. Property Acquired During Marriage – Community Property A. All property acquired by either husband or wife during the marriage is the community property of the husband and wife except for property that is: 1. Acquired by gift,...
- 25-215. Liability of Community Property; Separate Property A. The separate property of a spouse shall not be liable for the separate debts or obligations of the other spouse, absent agreement of the property owner to the contrary....
- What is separate property? The separate property of a spouse includes the real property and personal property owned by that spouse before the marriage, acquired by that spouse during the marriage by gift, devise,...
- What is equitable distribution of community property? In a divorce, there is an equal and equitable distribution of the marital property. Community property is divided equally between the spouses — they each have an undivided one-half interest....
