Phoenix Lawyer For Protecting Assets

Arizona is a community property state. This means that either party in a marriage can sell, transfer or otherwise dispose of community assets. If a divorce is in your future, you may wish to take steps now to prevent a spouse from moving assets in which you have a community property interest.DeShon Laraye Pullen PLC, is a Phoenix law firm that is dedicated to protecting your rights and property in divorce. Our lawyers will use our knowledge, resources and trial advocacy skills to protect your interest in community assets.

What Can I Do To Protect Community Property?

If you are concerned about a spouse misusing community property, one of the best things you can do is file for divorce. During your marriage, you have little protection from a spouse draining money from your checking account or moving assets. Once you file for divorce, however, the court will issue a preliminary injunction barring either party from selling assets, hiding assets, transferring assets to others or otherwise misusing marital property.

Good record-keeping is key to protecting your assets. Take videos of important assets and obtain copies of financial records, including account numbers and balances. If assets disappear, seek legal help immediately.

Even if an asset is titled in your spouse’s name or the name of a business, it is still community property if your spouse acquired it during your marriage. If your spouse owned an asset such as a business or real estate prior to your marriage, any increase in value that occurred during your marriage is community property.

Contact Our Community Property Attorneys

For more information, talk to our Phoenix attorneys for protecting assets in divorce. Call 602-626-9552, 800-409-0262 or contact our office online to schedule a consultation.