Scottsdale Divorce Lawyer | Owens & Perkins, Attorneys at Law
What does “Community Property” mean? In the state of Arizona, all assets acquired during the marriage, by either spouse, are presumed to be community property. “During the marriage” is defined as the period from the date of marriage to the date of service, or the date a spouse is served with a Petition for Dissolution …
How Retirement Benefits are Divided in a Divorce: Arizona Community Property Laws Read More »
During a Divorce or Legal Separation, one of the major tasks at hand is to divide the parties’ assets—those may include assets such as residential or commercial real estate, businesses, personal property, financial assets, and so on. In the state of Arizona, all assets acquired during the marriage is presumed to be community property and …
How to Ensure your QDRO is Drafted Properly, Will Be Accepted, and is Enforceable Read More »
If you’re going through a divorce or legal separation, and you and/or your spouse have retirement accounts, you’ll likely hear something from the court or your attorney about a Qualified Domestic Relations Order, more commonly known as a QDRO. QDROs are the orders that direct the parties and the Plan Administrator(s) of their retirement account(s) …
What is a Qualified Domestic Relations Order and why do I need one? Read More »
According to Arizona State Community Property laws, for divorces or legal separations in which the parties have one or more retirement accounts, those accounts will need to be divided between the parties. If you were contributing to a retirement account before your marriage, anything earned up to the date of marriage is considered your sole …
