Divorce can be a challenge for anyone, but especially for people who operate a shared business or professional practice. How is this divided in an Arizona divorce?
Whether this is your first marriage or a subsequent one, there can be good reasons to consider divorcing over 50. Over the past few decades, "gray divorce" has become something of a trend. In fact, whereas the overall rate of divorce is declining in the United States, the divorce rate for people 50 and over has been rising.
If you are getting a divorce in Arizona, you may be wondering why we're known as a "community property state." This is because we're one of only a few states that have organized marital property this way. Most states use an "equitable distribution" model.