Division of Property and Debt

Division of property and debt is part of the divorce process where all assets and debts are classified as either community property or sole/separate property in order to determine an equitable distribution between both spouses. Community property is generally defined as any property or debt that was accumulated during the course of the marriage. Sole/separate property is generally considered anything given specifically to one spouse, such as an inheritance, or anything one spouse had before they entered the marriage.

In Arizona, community property and debt is usually divided equally between spouses and each spouse maintains rights and obligations to property and debt obtained before the marriage. The process gets complicated when spouses cannot agree on what is community property and what is sole/separate property. Proper documentation is often required to determine the status of property once shared by both spouses during the course of their marriage.

It is usually a good idea to have an attorney advocating for your rights when you are going through property and debt division. The decisions made here have the potential to greatly impact the rest of your life. At Cates, Hanson, Sargeant & Schoenau, PLC, our attorneys have the skills and resources to protect your interests and fight for your financial freedom in a divorce. We will help you properly classify your property and make sure you have the knowledge you need to make informed decisions about your divorce.

Contact a Phoenix Divorce Attorney at 1-877-229-9508 to schedule a free initial consultation.

Speaking directly with an attorney is the best way to learn how the law may apply to your specific situation. An attorney can provide you with advice tailored to the unique needs and characteristics of your situation. At Cates, Hanson, Sargeant & Schoenau, PLC, you will find experienced attorneys ready to answer your questions and help you prepare for the legal matters you must face during the course of your divorce. Call 602-296-3434 to speak with a qualified Phoenix attorney who will fight for your rights and interests today.