How is a Business Divided in an Arizona Divorce?

The Arizona Court of Appeals in the case of McCune v. McCune addressed, among other issues, whether a judge should grant a spouse a judgment for his or her community property interest in the other spouse’s business or, instead, should the court simply divide the stocks between the parties.
How is a Business Divided in an Arizona Divorce
Although there could be situations that justify a different result, most judges favor as clean a division of property as possible to eliminate any business, personal, or legal ties that may result in future conflict. As a result, most judges favor awarding all of the stock of a business to one spouse and compensating the other spouse for his or her interest in that business through division of the parties’ remaining property and/or entry of a judgment.

Contact Our Scottsdale Arizona Community Property Attorneys

Call us at (480) 305-8300 to schedule a consultation with one of our Scottsdale Arizona Community Property Attorneys regarding Arizona community property laws or any other Arizona family law matter.