Many football fans in Arizona may know about quarterback, Robert Griffin, III, who is currently playing for the Cleveland Browns. Griffin apparently wanted a fresh start in his personal life, in addition to his professional one.
Disclosing financial assets in a high asset divorce
A divorce is generally not an easy process for people in Arizona. Trying to separate a life that was lived as one into two separate lives can be very complicated. Also, while a couple is dividing many aspects of their lives, many times they are not happy with the other one and emotions can affect the decision making process. However, despite the complications and difficulties couples must do this during the divorce.
Using prenuptial agreements to protect property in divorce
Divorces are oftentimes the opposite of weddings. There is no celebration and the happiness is gone. Divorces can be very bitter and combative as well. Also, almost everything that is earned or acquired by the couple during the marriage is considered community property and the couple will need to split up the property during the divorce. This can be a very long and complicated process, especially in a high-asset divorce.
Amber Heard files for divorce from Johnny Depp
Many Arizona fans of the actor Johnny Depp may have heard the news that his wife, Amber Heard, filed for divorce. Apparently the couple did not have a prenuptial agreement and it is unclear what will happen with Depp's massive fortune. He has been in many very successful movies in his career and received a large amount of money for those movies. However, it is unknown what he earned while the couple was married, but Heard is seeking spousal maintenance as part of the divorce as well.
Using QDROs to divide retirement accounts in a divorce
There is a multitude of reasons for couples in Arizona to file for divorce each year. However, the reason for the divorce does not matter when the couple begins separating their lives. The separation process is often just as unique as the marriage. The unique circumstances of the marriage will determine what issues will be dealt with during the divorce and how they will be handled when the divorcing spouses reach an agreement.
What do forensic accountants do in a divorce?
Divorces in Arizona can be very complicated. What causes the complications varies from divorce to divorce though. For example, in a high asset divorce, often times it is the financial aspects that cause the complications. One major part of any divorce is the asset division, and not only do these couples have a large number of assets, but simply valuing all these assets can be difficult.
Finding hidden assets in a high asset divorce
Every divorce in Arizona presents a number of complicated issues. Generally the two people involved in the divorce are no longer on good terms, which can make the process very difficult. Divorces can become even more complicated if the couple has a large number of assets to divide. Simply valuing all the assets in a high asset divorce can be complicated and time consuming.
Dividing property in an Arizona divorce
Divorces in Arizona can be very complicated. People have to separate their lives during a very emotional period of time, which is not easy. If the couple has minor children, decisions will need to be made regarding child custody and when each parent will see the children. There are also financial decisions that must be made about child support, alimony and property division.
Popular video game creator prepares for high asset divorce
Many people in Arizona have played the video game Call of Duty or at least have friends or children who may have played the game. The creator of the game who has made a fortune from it is now getting divorced. The couple did not have a prenuptial agreement, so the couple will have to split all the money made from the game. This could be very costly as the net worth of the couple is very high and the wealth may be in many different locations. One source indicates that he recently purchased a $1.7 million home.
Upward deviations for child support in high asset divorce
The specific circumstances involved in each marriage in Arizona are unique. Therefore, the factors involved in each divorce in Arizona are unique as well. One of the aspects that make divorces unique are the financial circumstances. Sometimes the couple does not earn much money while other couples may make a significant amount of money. High asset divorces create a number of issues that arise because they have a significant amount of money and assets.
