Division of Property During Divorce

May 2, 2012

Division of Property During Divorce

Arizona Divorce Lawyers

Experienced Family Law Attorneys in Arizona

Determining how property is divided during divorce can be a difficult step in the divorce process. Here are some tips to keep in mind when deciding how property will be divided. Be prepared for negotiating by reading and considering the following tips. Divvying up assets may be a stressful step in a divorce. These guidelines may help to lessen the anxiety and help make some tough decisions.

1. Homestead: Consider the purchase price of the home, when you bought it, the amount of the down payment and where the down payment money came from, and the amount of the original and current mortgage. What is the source of funds for payments for: mortgage, taxes and insurance, and home improvements?

2. Vacation home or rental property: Keep in mind the same aspects listed above for your primary home. In addition, consider monthly rental income, monthly expenses, and overall income generated.

3. Vehicle: Value each vehicle and determine which partner paid for the vehicle/s. You may be able to reach a conclusion depending on the value.

4. Other financial assets and home furnishings: Dividing these assets may involve tough decisions. Assets maybe divided after each party is able to reach an agreement that states which partner gets which asset.

Contact a family law/divorce lawyer to have by your side to guide you through the process, to assist you with difficult decisions, and to provide you with the necessary information to make informed decisions when dividing property during a divorce.  Our experienced family law attorneys look forward to helping you through your divorce.  Get aggressive, experienced lawyers on your side, protect your rights.  Call (480) 263-1699 in the Phoenix and Mesa Metro Areas.  (623) 640-4945 in Glendale and Peoria area, and (520) 306-8729 in the Tucson metro area.  Our Arizona Divorce Attorneys will provide you with great representation through your family law need.

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