How is property divided in a divorce?

In Arizona, when it comes to property division in a divorce, there are two main categories that the courts consider when determining how assets are divided. These categories are community property and separate property. Community property is any property that was acquired during a marriage that is shared between both parties. This can include assets acquired through wages, investments, and other forms of income. This property will usually be divided in an equal manner between the two parties. Separate property, on the other hand, is any property that was acquired before the marriage, or was a gift to one of the parties. This property may be excluded from the division of assets, and can remain the sole possession of the owner. The courts may also consider factors such as length of marriage and contributions of each party to the well-being of the family when determining property division. It’s important to remember that property division can be a complicated process, and it’s best to consult with an experienced divorce attorney to ensure that your assets are divided in a fair and equitable manner.

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