It is not enough to determine how assets will be distributed in a divorce. Whether it is achieved through negotiations, in mediation or in the courtroom, division of debts should also be taken into account in a divorce settlement.
Most married couples have jointly held debts including one or more of the following:
Debts taken out by either spouse during the marriage may be considered joint legal responsibilities. Talk to a knowledgeable lawyer about how to determine which debt liabilities you may share with your spouse, and how to ensure that all debts are accounted for in property division.
Contact Lasiter & Jackson, a well-established family law firm in Phoenix. Lawyer Stephanie Jackson or Lawyer Nicole Lasiter can offer practical help and advice with regard to marital debt and other issues related to property division. Ask one of our attorneys questions such as the following as they pertain to your debt and asset division going into an Arizona divorce:
At Lasiter & Jackson, we provide understanding and compassion for the delicate issues associated with divorce and family law. We are committed to obtaining positive results for each of our clients and we strive to provide qualified case assessment at a reasonable cost.
Contact our law office in Phoenix to discuss your divorce or family law issues such as division of marital debt.