Arizona parents who are divorcing will also need to come to an agreement regarding child custody and visitation. This is ideally decided by themselves in furtherance of the child's best interests, but when that is not possible, the court will step in and make a decision.
Prenuptial agreements are growing in popularity in Arizona and across the nation as people seek to protect their existing assets and personal property. While these legal contracts are often favored by older couples who may have been married before and have a good deal of private property, they are still sometimes frowned upon by younger couples who are just beginning the marriage process and may be more focused on their wedding plans than working out the details of their future finances. However, younger couples may be able to benefit the most from these preplanned arrangements.
When parents divorce in Arizona, they will need to make decisions about where their children will live. The court must determine who will have legal and physical custody of the children, and in some cases a parenting plan must be drafted.
The founder of the $20 billion investment company Citadel LLC has initiated divorce proceedings with his wife of 11 years, who didn't know of his decision ahead of time. The couple had been separated for a year, and the filing asked for joint custody of the couple's children. While the founder wanted to share custody of children, he was less inclined to share wealth. A prenuptial agreement the couple signed in 2003 stipulated that Citadel's assets would be protected from any property division in the event of divorce.
Arizona couples who own a home together may be interested in an article discussing some of the issues related to property that might come up during a divorce. If the correct steps are not taken, one of the parties may be stuck paying for a house that they no longer live in.
Since 1990, the number of adults over the age of 50 in Arizona and around the country who have gotten a divorce has doubled. The number of people over the age of 65 who have gotten a divorce has also increased significantly in recent years. However, there are many things that those who have gotten a divorce wish that they had known before they had their separation finalized.
Arizona fans of the L.A. Dodgers may remember former owner Frank McCourt's 2012 sale of the team for $2 billion. While the sale might lead some to believe that McCourt is doing extremely well financially, financial turmoil in the form of a lawsuit and post-divorce issues have also managed to find him. McCourt and the Dodgers are currently facing a lawsuit for over $36 million filed by a man who was allegedly attacked in the Dodgers stadium parking lot. In addition to selling the team, he also divorced his wife of almost 30 years, Jamie McCourt, that same year.
The break-up of Antonio Banderas and Melanie Griffith's celebrity marriage has highlighted an emerging trend in divorce cases in Arizona and around the nation. The actress and actor promised to end their marriage in the nicest way possible. However, with the custody of their three dogs now at stake, it appears the divorce may not end as amicably as they hoped.
In the midst of divorce, the husband of Arizona state representative Michelle Ugenti has issued a subpoena to Verizon Wireless in order to obtain records of her text messages as he believes she has been unfaithful. Michelle Ugenti and her lawyer are attempting to have the subpoena revoked and are trying to take advantage of her position as state representative in order to do so. They are currently settling their divorce in an Arizona courtroom.
Arizona couples seeking a divorce might benefit from a June 3 report about asset division. An advisor had counseled two clients who had been married for over 40 years.