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High Asset Divorce Archives

Valuing a business for division in a divorce

People in Arizona have a variety of different jobs. The type of work and pay vary greatly. However, not everyone works for someone else. Many people own their own businesses and work for themselves. While this is generally the person's source of income, it is also an asset that the person can buy or sell. If the business owner ends up getting a divorce, the business must be divided like any other asset.

Can an inheritance become marital property during a marriage?

There are many couples in Arizona who tie the knot each year. When couples decide to do this, they begin to share everything in their lives. If one spouse earns money, both spouses typically benefit from that income. When the couple buys something during the marriage, for the most part, that property becomes joint property regardless of which spouse purchases the property.

Gwen Stefani battles over fortune in high asset divorce

Arizona fans of the musicians Gwen Stefani and Gavin Rossdale have probably learned that the couple is getting a divorce. Stefani filed for divorce, citing irreconcilable differences. However, there are reports already that Stefani is not happy about potentially having to split her $120 million fortune with Rossdale.

Ben Affleck and Jennifer Garner announce their divorce

Fans of Ben Affleck and Jennifer Garner may be surprised to learn that the couple is getting a divorce. The couple has been married for almost ten years, but recently, there have been rumors that they were separating. They have three children and have been sharing their home while going through the divorce process. They have also been using mediation to divide their large amount of assets.

Dividing unvested stock options in a divorce in Arizona

Divorces in Arizona vary in length and complexity. High asset divorces can take longer than most divorces. Not only are there many different assets to divide, but valuing each asset can be complicated and take time to complete. People may have to value multiple properties, businesses, investments, stock options, retirement accounts and many other assets. After the assets have been valued, the parties can then start dividing them.

Gwyneth Paltrow and Chris Martin finalize their divorce

Arizona fans of Gwyneth Paltrow and Chris Martin may remember the couple, now somewhat famously, stating that they were going through a "conscious uncoupling." This was in reference to the couple's pending divorce, which is now finalized. The couple reached a confidential settlement for their divorce and it is filed with the court. They apparently agreed to joint custody and divided their assets.

Action star and wife to get divorced - again

Arizona action movie fans may be interested to learn that actor Jean-Claude Van Damme's wife filed for divorce for the second time. The couple had previously been married in 1987 and divorced in 1992. During the first marriage, they had two children who are now adults. Then they were married again in 1999 and have been married since then. Van Damme is no stranger to divorce though, as this is now is fifth divorce.

How are retirement accounts divided in an Arizona divorce?

People in Arizona have different economic situations. Some have little property or discretionary income while others have significant assets and extra income. For people in the latter category, these assets can be in the form of real property, stocks, investments, retirement accounts and many other types of assets. However, when people with many assets divorce, these assets must be divided just like in every other divorce.

Asset division during high net worth divorce in Arizona

Any divorce in Arizona can be complicated. There are many issues that need to be figured out. These include child custody, child support, spousal maintenance and asset division. Child custody can be complicated for anyone, no matter how much money they have, as custody deals with who will make the decisions regarding the children and how much time each parent will have the children.

Disclosure of financial statements and property in a divorce

Couples of all types of financial backgrounds get divorced each year. Some do not have many assets and others possess significant assets. In either situation, the couple will have to divide their marital assets. If the couple has only been married a short time or do not have many assets this may be a relatively easy process. However, for those with many assets or those who have been married for a long time, asset division can be a very difficult process.

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