Ending a marriage is a difficult process that can be made more complicated when complex assets are involved in the division of the parties' property. For example, when one of the parties to a divorce owns and operates their own business, questions may arise regarding if that business should be viewed as separate or martial property. This post will address the benefits of having a contract in place that explains how a business should be divided during a divorce, but how the matter may also be handled if such an agreement does not exist.
No matter how much money a Phoenix resident makes, they may find that there are countless costs and expenses that fight for their cash. A person may invest in a home and pay a mortgage. They may have car payments, costs associated with food and other basic necessities, and expenses that cover the things they want to do with their free time. These are only some of the many financial obligations and expenditures that they may take on in their lives.
Becoming a parent is a wonderful, terrifying and life-changing experience. No matter how much a Phoenix resident attempts to prepare for the day their child is born into the world, they cannot anticipate the many questions, concerns and other issues that they will face when their baby is finally in their arms. Many of the problems that new parents run into are universal and experienced by individuals across the world. Some, however, are unique and require distinctive experience and support to resolve.
The divorce of two Maricopa County residents may cause stress and strain their lives. As they work to untangle their lives and find stability in their new legal statuses as single, they may begin to assess how they will manage financially as they move into the future. For some, ending a marriage with no strings attached may be a priority, but for others economic realities may keep exes tied together past the date that their divorce is finalized.