In Arizona, the amount of child support the court orders a parent to pay is determined in accordance with the Arizona Child Support Guidelines. Although they are called guidelines, the court will almost always order child support pursuant to the Arizona Child Support Guidelines. The court has discretion to deviate from the guidelines, but will
Category: Divorce
CALCULATION OF COMMUNITY LIEN ON SPOUSE’S SOLE AND SEPARATE BUSINESS UNDER COCKRIEL/RUESCHENBERG
In this last blog of an eight (8) part series we are examining the case law and methodology for calculating the value of a community lien on a sole and separate business. Under Arizona law, generally a business or interest that you have in a business acquired or owned prior to the marriage is yours
INCOME APPROACH FOR BUSINESS VALUATIONS
As we discussed in the last blog, a business valuation expert will utilize three (3) different approaches to analyze and reach a conclusion on the value of your business – the income approach, the asset approach, and the market approach. This week we will discuss the “income approach”. Under an income based approach, the business
BUSINESS VALUATIONS – A GENERAL OVERVIEW
You’re getting a divorce, your spouse is seeking an interest in your business or in the increased value of your business based on your efforts during the marriage, and now the attorneys and the Court are talking about doing a business valuation. What is this and what does it entail? In simplest terms, a business
HOW DO I PROTECT MYSELF AND MY BUSINESS?
You’ve now read our last three blogs in this series and had the bejesus scared out of you, what now? If you are getting married, there is a fairly simple way to protect yourself and your assets, including your business – have a Prenuptial Agreement prepared. A Prenuptial Agreement can spell out that your business
COMMUNITY EQUITABLE LIEN ON A SOLE AND SEPARATE BUSINESS
Under Arizona law, generally a business or interest that you have in a business that you acquired or owned prior to the marriage is your sole and separate property and continues to be so even during the marriage absent any unusual or unique circumstances. In the simplest terms, this means if you owned your business
from COMMUNITY EQUITABLE LIEN ON A SOLE AND SEPARATE BUSINESS
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
from CASH FLOW TIGHT? HOW YOU CAN PAY YOUR SPOUSE FOR AN INTEREST IN A BUSINESS
OMG I’M GETTING A DIVORCE – WHAT’S GOING TO HAPPEN TO MY BUSINESS?
So, you’re getting divorced and you are self-employed in your own professional practice, company, or perhaps a family business. At some point, a panic will set in… What is going to happen to my business? Will I have to sell it? Will I have my Ex as a partner even after the divorce? Will I
from OMG I’M GETTING A DIVORCE – WHAT’S GOING TO HAPPEN TO MY BUSINESS?
Orders of Protection
As a divorce and family law practitioner, my clients frequently find themselves confronted with situations involving domestic violence and protective orders. A spouse can become volatile at the end of a relationship, and they frequently pose a risk of harm at the time they find out legal action for divorce or paternity has been filed
Kiss Your Financial Privacy Good-Bye
Most people, when going through a divorce, grudgingly accept the fact that every facet of their financial life will be laid bare in order to divide it up. What people don’t think about is the fact that, if you have minor children, you will not have any financial privacy until those kids graduate high school.
