Should You Modify Your Child Support Obligation?
In order to qualify for modification of your child support obligation, Arizona Revised Statute §25-327 requires changed circumstances that are considered both substantial and ongoing. Typically, from a mathematical point of view, a 15% change is generally regarded as satisfying this requirement - whether an increase or a decrease.
Typically, child support may be modified when one or more of the following … Read More
How is Child Support Calculated in Arizona?
In Arizona, child support is calculated pursuant to the Arizona Child Support Guidelines under Arizona Revised Statute §25-320. However, it is the data inserted into the Guideline calculation which will determine the amount of child support to be paid.
There are a number of variables which will determine the ultimate child support amount. The following factors are typically considered:Income of each party; … Read More
Can I Move Out of State with My Child?
You are employed at Intel. They decide to move the R&D facility to Utah and unless you move with your team, you are out of a job. However, your former spouse has a stable job in Tempe and has parenting time with the children one-half of the time and most certainly has no desire to give up his or her parenting time. It is lose-lose situations like this that make "relocation" cases one of the most … Read More
Should I have a Premarital Agreement?
A prenuptial agreement is a binding legal document between a prospective husband and wife, which addresses the financial consequences of their marriage ending.
Technically, all couples who are married already have a "prenuptial agreement" - it is the particular divorce laws of the state. In Arizona, for example, absent a prenuptial agreement, community property principles will apply to all financial aspects of the … Read More
Business Valuation in Divorce Proceedings: Understanding of the Basic Approaches to Value
In many cases, one of the most contentious and difficult issues in a divorce proceeding is the valuation and distribution of marital property. When the marital community owns an interest in a business, this process can be complicated and expensive. Often, the community's interest in the business is the most valuable asset of the marital estate. Whether you are the "in" or "out" spouse, it is … Read More
Potential Benefits of Divorce Mediation
Divorce mediation is a process of resolving disputes by engaging a neutral third party who acts as a facilitator, assisting the divorcing spouses in reaching an agreement.
This is a voluntary process, meaning both parties must agree in order for it to occur. Unlike arbitration, the mediator is not empowered to make any decisions. Because mediators are by definition "neutral", they should not give legal … Read More
What is Community Property Law in Arizona and Why Does it Matter?
Arizona is a community property state and community property law controls the division of all assets of your marital estate.
Community property law sets forth a presumption that all real and personal property acquired during marriage is community property - meaning that the "property" is owned 50% by Husband and 50% by Wife. "Property" is not limited to houses and cars, but also includes businesses, … Read More
Business Valuation in Divorce Choosing a Valuation Expert
Whenever a privately held business is among the assets in a dissolution proceeding, certain fundamental issues must be addressed in the context of determining the value of the business. If the business is relatively small in terms of the gross revenue it generates, the first issue is often whether the business is worth valuing.
The cost of having a qualified professional value the business and produce a … Read More
Arizona's Child Support Guidelines What Every Parent Should Know
Arizona law requires custodial and non-custodial parents to provide "reasonable support" for their minor children. A.R.S. § 25-501(A). This obligation is not avoidable. In the midst of a divorce, the right to receive this support and the amount owed by each parent can be overlooked. To ensure that parents prioritize their obligations to their children, Arizona courts impose the "best … Read More
How is Spousal Maintenance Determined?
Nothing is more difficult than predicting what a judge will decide is the appropriate spousal maintenance award on any given set of facts. This uncertainty can be traced to the statutory factors that a judge is compelled to consider to decide if a person is entitled to receive spousal maintenance and if so, the amount and duration of the award. The factors, as set forth in A.R.S. §25-319(B) and … Read More