Property & Debt Division in Divorce
Get an Attorney with Two Decades of Experience
Divorce is a serious legal process that involves a significant amount of work
on the parts of several individuals. One of the many difficult elements
to divorce is the division of marital property and debts incurred during
the marriage. To ensure that you are not left with an undesirable portion
of debt and property, it is imperative that you have an experienced attorney
on your side.
At Steven N. Cole, LLC, we are aggressive Phoenix
family law attorneys, and we know what it takes to provide our clients with the representation
that they need. Since 1993,
Attorney Steven Cole has been representing local Phoenix residents in various family law matters.
When you are seeking a divorce, there is no substitute for personal representation
and experience and you will receive both when you choose us to represent
Who gets what in divorce?
Property and debt division can be one of the more difficult (and sometimes)
contentious parts of the
divorce process. You may need to protect your standard of living for yourself or your
children by making sure that your assets are divided fairly under Arizona
law. Property and asset division could also affect rulings on
child support or
alimony and spousal support, just like a bi-weekly paycheck can. While we encourage couples to separate
on friendly terms, we know that some spouses are out for blood.
Arizona holds to community property laws in the case of divorce. Any property
that is acquired during the marriage is considered "community property"
and is to be divided fairly between the parties, in as equal of an amount
as possible. One of the more crucial elements to the division process
is to have the value of the property properly appraised. If one party
tries to claim that some property is less valuable, you could end up with
the short end of the stick, so to speak.
Why You Need Steven N. Cole, LLC on Your Side
Our firm understands all of the various elements to property division,
and we can help you ensure that you are not being cheated out of what
rightfully belongs to you. As soon as you choose to work with our firm,
we will launch a full-scale investigation into many different aspects
to your divorce, and we are dedicated to seeing that your future is provided for.
Here are some aspects to the division process that we will investigate:
The value of property: Make sure your spouse does not claim values that are too low or too high.
Upside-Down mortgages: If your house is under water, spouses can negotiate an agreement to maintain
ownership of the home and sell it off after the divorce.
High-asset divorces: Litigation may be necessary to determine the value of a property or a business.
This process may even include the advice of business experts or realtors.
Retirement assets: The court will divide retirement accounts according to the circumstances
of your marriage, as appropriate under Arizona law.
Hiding assets: If your spouse is hiding assets, you may also need the help of a forensic
Debt: While some debts might be settled fairly, others may not. Some spouses
seek revenge by maxing out credit cards to make your financial burden worse.
Prenuptial or Post nuptial agreements: If you and your spouse have already entered into agreements that include
details about property division, these can be reviewed and applied during
Don't sacrifice your future if you are facing a divorce.
Contact Steven N. Cole, LLC for help from an assertive and experienced Arizona
property & debt division attorney. We offer
consultations to provide you with open and honest advice, while helping you move forward
with your life.