Going through a divorce can be particularly difficult for Arizona parents, especially for those who will be sharing custody of their children. If the divorce was particularly contentious, parents may find it difficult to co-parent with their ex-spouse or ex-partner. However, working together can help the children transition from one household to two.
We duly note on our family law website at the Peoria Law Office of Katherine Kraus that asset identification, valuation and distribution in an Arizona divorce can quickly become a muddled and quite complicated matter.
Arizona couples who are getting married may be more likely to first sign a prenuptial agreement than in earlier decades. The American Association of Matrimonial Lawyers reports an increase in the number of couples seeking prenuptial agreements, but a more recent development is a surge in millennials who want the document.
"On the other side of divorce is some freedom."
Divorce can often carry with it financial consequences that can be far more significant than the emotional and practical aspects of ending a marriage. When couples in Arizona decide to divorce, it can often be a harsh financial awakening for one or both divorcing spouses. This is borne out in a study conducted in which 1,750 divorced or divorcing women discussed the financial impacts of divorce. Nearly half of all respondents said that they had experienced financial surprises during the process, with younger women even more likely than older women to face a sudden shock.
Arizona couples end their marriages for many different reasons, but the majority of them likely blame money problems of some sort for their split. In fact, some experts claim money problems are the top cause of divorce in America. However, if couples know what to look out for, they may be able to avoid both financial problems and divorce court.
There are many reasons why married couples decide to divorce. Although addictions and money problems commonly come into play, one of the most typical reasons that receives a lot of attention is adultery. This occurs when one married partner engaged in a physical or emotional relationship with another person outside of the marriage.
Divorce is a time of turbulence and upheaval in most people's lives with long-lasting consequences. One way Arizona residents who are going through this process can prevent a negative impact in the future is by being proactive about their financial planning.