High Asset Divorce – Dividing Your Retirement Accounts

If you’re going through a divorce or legal separation, and you or your spouse have retirement accounts (IRA’s, 401K’s, Pensions) that need to be divided, you will need to hire an attorney to prepare a Qualified Domestic Relations Order, more commonly known as a QDRO, and have it filed with the Court.  A QDRO is

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How Retirement Benefits are Divided in a Divorce: Arizona Community Property Laws

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

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What is a Qualified Domestic Relations Order and why do I need one?

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)

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What You Need To Know About High Net Worth Divorce

Divorces are always trickier when there are larger assets involved, and this is especially true when one or both spouses have a lot of money. In high net worth divorce cases, there is more of a push to ensure that everything stays fair, more complex calculations to make for the division of these assets and

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Property Issues at Trial: Division of Assets and Debts

The division of assets and debts is one of the key issues presented during divorce trials. Due to their inherent nature of sometimes confusing facts and figures, the division of assets and debts is often a confusing, stressful process for the parties and the Court. However, it doesn’t need to be. Below we’ve compiled some

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Motor Vehicle Beneficiary Designation

A Motor Vehicle Beneficiary Designation is a form that you can complete, provided by the Arizona Department of Motor Vehicle, that allows you to designate the person or persons you want to inherit your vehicle upon your passing. There are several benefits to completing a Motor Vehicle Beneficiary Designation: It can cause your estate to

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Stock Options and Other Deferred Compensation

Income from employment can come in many different shapes and sizes. An employee may receive stock options, restricted stock units, or other benefits from their employer as a form of compensation. Stock options and restricted stock awards give the employee a chance to purchase the company’s stock at a pre-determined price at a date in

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Protecting Your Assets / Absconding or Hiding Assets

Going through a divorce can often bring out the worst in people. Many people go into “panic mode” and make irrational decisions, ones that they would never make in any normal circumstance. If you are facing such challenges, consulting a Scottsdale divorce attorney can help you navigate the complexities. Going on a sudden spending spree

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Valuing Businesses During A High Net Worth Divorce

In this article, we’re going to share ways for valuing businesses during a high net worth divorce. In this day and age of entrepreneurs, a spouse may own or operate their own business, may be a partner in a business or professional practice, or both spouses may have started and owned businesses together. Owning and

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