- Ownership of businesses
- Ownership of professional practices
- Complex real estate holdings
- Performance-based income and stock options
Dividing Community Assets And Debts
During the divorce process, sole and separate assets and debts (those acquired before the marriage) and community assets and debts (those acquired during the marriage) must be identified and valued. Inheritances and certain gifts acquired at anytime are considered sole and separate assets. Community assets and debts are divided in accordance with Arizona law. Though this is a simple concept, in practice it can be a highly complicated undertaking.
In certain circumstances, one party’s sole and separate assets can be transformed into community assets. In some cases, a portion of both parties’ sole and separate assets can be commingled and become part of the community estate, such as when the spouses combine their separate savings acquired before marriage to purchase a home or business during the marriage.
DeShon Laraye Pullen PLC, has extensive experience identifying, tracing and valuing community assets. When needed, we can call upon various experts who can provide analyses that support our client’s position, such as:
- Business valuation specialists
- Tax accountants
- Forensic accountants to identify and trace assets
- Appraisers for valuing real estate, art, antiques and collectibles
We work diligently to protect your rights and interests during the
community property division process to ensure a fair property settlement for you.
Phoenix Attorneys Protect Your Rights And Interests
To learn more about complex property division in Arizona,
contact DeShon Laraye Pullen PLC.