The “Final Judgment” is known as a “Decree of Dissolution” when placed into document form. This will have the effect of designating both spouses as “unmarried persons.” It will also contain all the information necessary as to Property Division, Child Custody, and things of that nature. Most of the terms take effect immediately, however, it is not unusual for a judge to set future dates in which designations are to take place. Keep in mind, even though Arizona is what is known as a “Community Property” state, usually assets are not divided down the middle. It is not uncommon for one spouse to take on more debt or responsibility in exchange for receiving a more valuable asset. An example of this would occur when one spouse keeps the house in exchange for the other spouse keeping all of the pension or retirement plans, stock options, or stock accounts. Ultimately, if parties cannot agree on who gets which asset, the judge will order its sale (i.e., house being ordered to be placed on the market). When meeting with The Cantor Law Group to prepare your Petition for Dissolution in Arizona, we will make sure that all of these issues are discussed with you regarding your preference (i.e., do you want the house, or would you rather have the pension plan and stock options).
Contact us or call The Cantor Law Group at (602)254-8880 immediately for a free initial consultation designed to provide helpful information regarding a “Decree of Dissolution” or “Final Judgment” as it applies to your individual situation.