Scottsdale Divorce Lawyer | Owens & Perkins, Attorneys at Law
In Arizona, there are two different types of property to consider when going through a divorce – community or marital property and sole and separate property. Under Arizona law, all property acquired by either spouse during the marriage is presumed to be community property in which each spouse have an equal ownership interest in, regardless of which …
Community Property vs. Sole and Separate Property Read More »
As we’ve established over this blog series, things are always changing and sometimes these changes cannot be anticipated. When it comes to sharing custody of children, schedules can often change and compromises will have to be made. Sometimes people’s employment and financial circumstances change and support orders for child support and spousal maintenance need to …
Splitting up community property and addressing debts is one of the more difficult facets of going through a divorce. The marital residence is often a place of fond memories as well as difficult times. One decision that must be made is who, if anyone, gets to keep the marital home. Some couples find that selling …
Can I Deduct Costs of Sale of a Marital Residence? Read More »
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 …
Many times in the first consultation or very beginning stages with a new client, they will ask me if/when they should discuss with their spouse that they have hired me and are filing for divorce. This is a tricky question because it is such a personal decision for many. My advice is usually tailored to …
Again, a business valuation 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 final approach – the “market approach”. In basic terms, the valuator is looking at other similar business …
A business valuation 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 “asset approach”. In this approach, we are strictly looking at the balance sheet for the business along with …
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 …
There is nothing worse than meeting with a client for the first time and having to explain to the unsuspecting person that they have given away their rights to their largest asset, their house. Most people do not understand that they are significantly reducing their entitlement to equity in their property simply by signing a …
