Asset & Debt Division in Mesa, AZ
Why You Need a Skilled Mesa Asset Division Attorney
Bastian Law Offices, PLC is committed to delivering honest, focused, and
results-driven representation to couples who are dealing with property
and asset division issues. Our
divorce lawyer in Mesa knows how stressful this period of time in your life can be and how high
the stakes are. This is why we do all that we can to minimize your concerns
and make sure you are aware of all expectations and developments in your
case. We at our
family law firm value you as a client, and appreciate the high level of trust that you
choose to place in us.
Learn more about what you can expect in your asset and property division!
Call our Mesa asset division attorney at (480) 526-4614 for a case evaluation.
Arizona Operates as a "Community Property State"
As such, any time an Arizona marriage ends in divorce, all of the property
or debt that was accumulated
during the course of the marriage belongs equally to both spouses. Any property
that was owned by either spouse
prior to the marriage remains their own—as does anything that was individually
inherited during the marriage. Exceptions include when both spouses make
payments on a mortgage that was individually purchased prior to the marriage
or when individual property is legally changed to marital property.
Examples of community property include the following:
- Bank accounts
- Furniture and furnishings
- Businesses formed together during a marriage
- Retirement accounts
- Debts incurred during the marriage
Determining Division of Marital Property
Property division can take place outside a courtroom if the couple can mutually agree to
the terms of distribution. If they are
unable to reach a consensus, the court must intervene. The division of property
does not have to be exactly equal, but it must be
Whether a settlement is reached inside the courtroom or not, the basic
- Determine which property is jointly held and which property is not.
- Calculate the total value of all marital property and debts.
- Settle on a means of dividing the property as fairly and equitably as possible.
Call us today at (480) 526-4614 for a case review!
For anyone looking to spare themselves the time, money, and uncertainty
of submitting to a judicial decree, the ideal course of action is to
avoid going to court. At
Bastian Law Offices, PLC, we aim to help couples settle their property disputes as amicably as
possible. But, we are not afraid to litigate on your behalf if necessary.
With the team at our family law firm, you can expect cost-efficient solutions
and honest expectations.
Trust the experienced counsel of our Mesa divorce lawyer.
Call our seasoned firm for a consultation.