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Divorce Law

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Property & Debt Division

When the emotions of a divorce are involved, the division of assets and debts can be a battlefield. Arizona is a “community property” state, which means that any property, assets, or debts acquired during the marriage will be considered “community property.” The only things not considered community property are items or assets that either party owned before the marriage, acquired after the separation (or divorce, in some cases,) or inherited. At first glance, this may seem simple enough. However, it can quickly become complicated when emotional attachment and ongoing responsibilities come into play. 

Community property can include both tangible and intangible items like:

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  • Real estate
  • Businesses
  • Retirement accounts (401k, pension, or IRA)
  • Bank accounts
  • Stocks and bonds
  • Personal property
  • Debts

As a general rule of thumb, community property/debts will be divided equally among the parties.  However, both parties are always able to negotiate freely on how they will distribute the community property and debts. Given this fact, it is important that you have an experienced attorney representing your financial interests.

The divorce attorneys at Repucci & Roeder know how to go to the mats for their clients, and secure the best outcome possible during property and debt division procedures. Secure your fair share of assets. Contact us today so we can discuss your case and your goals. 

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