Relationships - marriages included - sometimes fail in an epic fashion. divorce. Splitting up can take an emotional and financial toll, and if anger or resentment or revenge plays a role, things can get downright biting.
Arizona is a community property state, which means that all marital property is divided equally between the spouses in the event of a divorce. However, it is important to remember that not all the assets that were acquired by an individual during the course of the marriage are considered community property. Article 25 Section 213 of Title 25 of Arizona Revised Statutes clearly states what separate property is.
Many people who are getting divorced in Phoenix are eager to separate themselves from their marital partner and move on to a happier, single life.
You may have heard that Arizona is a community property state. What does that mean, however? Living in a community property state is unlikely to impact your day-to-day routine. There are times, however, when living in a community property state will have a great bearing on your life. Divorce is one such time. Living in a community property state is likely to influence how your property is divided during divorce. Let's take a closer look at how property is divided in a community property state.