How can I protect assets in a divorce?

In Arizona, the best way to protect assets in a divorce is to hire a qualified attorney familiar with the state’s divorce laws. An attorney can help to ensure the division of property and assets is fair and equitable between both parties. Additionally, if an individual is expecting to receive alimony or spousal support, an attorney can be essential in making sure that the correct amount is received. When it comes to marital property, it is important to understand which assets are considered separate property and which are considered marital property. Separate property includes any assets owned before the marriage or received as a gift or inheritance. Any property and assets acquired during the marriage are typically considered marital property. Assets such as a house, cars, and bank accounts can all be divided in a divorce. Additionally, it is important to consider the financial obligations of both parties and how those may impact the division of assets. For example, any debts that were incurred by either party during the marriage must be paid off, and depending on the court’s decision, this may affect how assets are divided. By understanding the state’s divorce laws and seeking the help of a qualified attorney, individuals can better protect their assets in a divorce. It is important to remember that each divorce is different and each individual should consult a professional to ensure they are making the best decisions for their situation.

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