Arizona is a community property state. This means that all assets acquired during the marriage (that are not gifts or inheritances) will be equitably divided if the couple divorces or legally separates. In most cases an equitable division means each spouse will receive one half of the assets. A premarital agreement is a contract entered between two persons that plan to marry but want to make sure they can keep some or all of their earnings and property acquired during the marriage as their separate property in the event of a divorce or legal separation.
Talk to us at Cotto Law Firm about the reasons you may want to consider a premarital agreement.