The Role Of Family Lawyers In Your Neighborhood – What is community property law and how does it affect your divorce in Arizona? The Role of Equalization Payments in the Arizona Divorce Process
Arizona is a community property state, which means that all assets acquired during the marriage are joint property and subject to equal division upon divorce. This includes all types of assets such as real estate, personal property, businesses, investments and loans. The law assumes that both spouses have an equal interest in marital property, whether the property is acquired individually or jointly.