Scottsdale Divorce Lawyer | Owens & Perkins, Attorneys at Law
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 …
It’s a brand new year, and planning for the future and setting resolutions is at the forefront of most of our minds. Estate Planning is one of those things that’s easy to put off because it can seem intimidating or difficult to understand, but it is one of the single most important tools to having …
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 …
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. Going on a sudden spending spree or trying to hide money or assets upon the filing and service of a divorce can hinder …
Protecting Your Assets / Absconding or Hiding Assets Read More »
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 own businesses together. Owning and operating your own business can be very rewarding and lucrative, but it also can cause significant issues …
A parent’s ultimate goal is to provide their children with a better life and opportunities than they had. That goal does not end when they become adults. Setting up a trust will allow you to care for your children and grandchildren even after your passing. One concern when leaving someone an inheritance is will that …
In Arizona, there are several types of Power of Attorneys – all of which serve different purposes. In general, a Power of Attorney is the authority to act for another person. Most commonly a power of attorney is used to handle one’s financial or healthcare wishes in the event that they cannot do so themselves. …
Art or art collections can be another common, unique asset that comes up during a divorce or separation but can be very difficult to value or divide appropriately. In most instance, an expert will need to be engaged to determine the value of the piece or collection. A particular artwork could be something that has …
If you are divorcing and you or your spouse own a business, it is important to be aware of the concept of “double-dipping” as it applies to asset division and spousal maintenance awards. Because Arizona is a community property state, if a business was started – or if the value increased – during a marriage …
“DOUBLE DIPPING” IN DIVISION OF A BUSINESS AND IN SPOUSAL MAINTENANCE CALCULATIONS Read More »
Now that we have explored the effect the new tax law will have on spousal maintenance, we will address the impact the tax law will have on real estate ownership. In divorces, often one spouse keeps the former marital residence and the other spouse will purchase a new home, or the parties will sell the …
