Equitable Division of Marital Assets in Arizona Divorces
In any divorce, all marital assets and debts are subject to property division. Arriving at property and debt settlements that are equitable and meet the needs of both parties can be difficult and often requires working with financial experts. Having an experienced family law attorney on your side can make the process easier on you and your family.
The family law attorneys at The Baker Law Firm, LLC in Phoenix have the experience necessary to help you through the complicated process of dividing assets and debts during a divorce. We often work with CPA’s, forensic accountants and other financial experts to properly evaluate businesses, homes and retirement accounts. We also work with high net worth individuals with complex assets.
Valuation of Marital Assets and Debts
Assets, property and debts in a divorce are not always equally distributed among the parties. Under the law, martial property is equitably distributed. This means that assets and debts are divided in a manner that makes sense for the situation. We frequently work with:
- Houses, beach homes, condos and other real estate
- Vehicles and boats
- Bank accounts
- Retirement accounts
When dealing with these assets, it is important to thoroughly review financial information to uncover any hidden assets, undeclared property and to determine the complete value of all assets and debts. Getting accurate figures is the only way to ensure that both parties are having their rights protected during the distribution of assets.
Learn More About Equitable Distribution of Assets
If you are currently involved in a divorce and are concerned about the division of property, assets and debts, contact The Baker Law Firm, LLC and learn more about your rights. Schedule an initial consultation and protect your financial future by calling our Phoenix office at 602-842-0359 .