Asset Division for Unmarried Couples

Gillespie, Shields & Associates

Just like couples who are married, unmarried couples share their property and finances when they live together.  This is especially true when couples have lived together for a very long time.  And, also like spouses, once unmarried couples decide to break up, one of the things they will have to deal with is the division of their assets. 

In some cases, unmarried couples may have an agreement, like a cohabitation agreement, that will detail how assets are to be distributed should the couple split up. Once the break up occurs, all assets and finances will be divided as outlined in the agreement.   

When unmarried couples cannot decide upon how their assets will be divided, they may need family courts to intervene.  Usually, unmarried couples will turn to the courts when they do not have a cohabitation agreement.  The courts will then have to decide what assets are eligible for distribution and how the assets will be distributed.  The courts must do the exact same thing when couples are married and having property distribution conflicts.  The court will then have to review income, property and liabilities and distribute property as it sees fit.

Arizona Family Lawyers

Helping Clients in Phoenix, Mesa, Chandler & Gilbert

At Gillespie, Shields & Associates, we have helped numerous unmarried couples divide their assets equitably and fairly.  We aim to help unmarried couples by reviewing their individual circumstances, finances and liabilities and by helping them reach amicable asset division arrangements.  When our clients cannot agree on how their assets should be divided, our legal team is fully prepared to take matters to court to ensure our clients obtain the best outcomes possible.

If you are looking for an empathetic Phoenix divorce attorney, do not hesitate to contact Gillespie, Shields & Associates today!