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August 2019 Archives

Assets could be hidden in a number of ways

While it is generally illegal for an individual to hide or obscure assets in an Arizona divorce, it doesn't mean that people won't try to do so. There are many signs that people may want to look for to determine if their spouses are trying to hide assets. For instance, someone may try to buy Bitcoin or other cryptocurrencies thinking that the transactions will be too hard to trace.

Creating a financial strategy during a gray divorce

In Arizona and across the United States, "gray divorces" among couples over 50 are becoming more common. Gray divorces have doubled during the past 20 years. While understanding the reasons for a gray divorce may present unique challenges, one thing is certain - women who get gray divorces suffer more than men. For many older women, a gray divorce signals the end of a marriage in which their husbands were the primary breadwinners.

Divorcés must deal with expenses as single individuals

In Arizona and across the United States, the end of a marriage is often a negative psychological experience surpassing most emotional upheavals. After a divorce is finalized, legal issues can harm a spouse's financial state of affairs. A person who does not view the settlement with a focused mind may discover that it is impossible to live alone. Couples who divorce after being involved in lengthy marriages may face even more devastating financial circumstances.

Common reasons why people divorce

When people in Arizona decide to divorce, there are a number of factors that can lead up to that decision. Research has found some common factors motivate people to decide to end their marriages. In general, most people get divorced because of a lack of emotional fulfillment and associated circumstances, according to one study of 2,371 recently divorced people. In 44% of the cases, the respondents initiated divorce proceedings themselves while 40% said the divorce was initiated by a spouse. For the remaining 16%, the divorce was a mutual decision.

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