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 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
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
Getting divorced can be both emotionally exhausting and financially devastating. Couples may consider mediation as one method to transverse through the dissolution of their marriage with less acrimony and potentially at lower cost to the divorcing couple.
We often attempt to resolve divorce cases through mediation and in most cases we achieve that goal. Generally, there are strategies that help … Read More
Arizona is a community property state which means all property acquired by either spouse during the marriage is, by statute, presumed to be community property. The characterization of property as either sole and separate property or community property is established at the time the property is acquired. Accordingly, in divorces when one of the spouses is the owner of a business established prior to the marriage, … Read More
In recent years it has become more common for divorcing spouses to agree to jointly engage one expert to value the marital interest in a business or professional practice. While choosing one expert is not suitable for all situations, the potential benefits of using one expert include saving time in the process, reducing the cost of the valuation and increasing the possibility of negotiating a resolution … Read More
As far as the outcome is concerned, it should make no difference which party chooses to file the petition for divorce. However, one of the parties is able to control the process, the person filing (known as the Petitioner) is ultimately able to control the initial portion of their dissolution case.
Advantages of Being the Petitioner
Firstly, at any proceeding before the court, the Petitioner has the first … Read More
The simple answer is yes. The better question is whether or not it is advisable to handle your own divorce. In short, the answer is no - it is not advisable.
If your case involves any of the items listed below, it is highly recommended that you retain (or at least consult) competent counsel:
Legal Decision Making issues (custody)
Child Support … Read More
In the State of Arizona, any and all property is presumed to be community property. However, property is characterized at the time of its acquisition and therefore, if you owned property prior to your marriage, it is and remains your separate property – unless you gifted same to your spouse, entered an agreement to transfer same to your spouse, or commingled same with property of your spouse AND it is … Read More
The amount of time it takes for a divorce to be finalized is different in everyone's case and is driven by a variety of factors.
One of the most important factors is whether other professionals need to be brought into the case such as custody evaluators or business appraisers. This will take more time, as they play an important role in helping to provide information necessary to either settle the case or … Read More
Categories: Family Law