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How does the family law court divide the assets and debts of the divorcing parties?

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How does the family law court divide the assets and debts of the divorcing parties?

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Arizona is a community property state. As such, the divorce court presumes that each spouse is entitled to 50% of the assets acquired during marriage. Divorce courts generally seek to divide debt equitably in a divorce case. This does not necessarily mean that each spouse will have 50% of the debt assigned to them. The family law courts also take into consideration the spouse’s income stream, ability to pay debts and issues of waste and/or dissipation of community property assets.

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