Scottsdale Divorce Lawyer | Owens & Perkins, Attorneys at Law

Assets

Spendthrift Provisions

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 …

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Parental Power of Attorney

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. …

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Art

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 …

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“DOUBLE DIPPING” IN DIVISION OF A BUSINESS AND IN SPOUSAL MAINTENANCE CALCULATIONS

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 …

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CASH FLOW TIGHT? HOW YOU CAN PAY YOUR SPOUSE FOR AN INTEREST IN A BUSINESS

Once a value for the business is established – usually through a business valuation done by a certified business evaluator or expert which we will discuss in more detail in a later blog in this two month series – we can find creative ways to pay your spouse for that interest without you necessarily having …

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