Married couples tend to collect assets during the time that they are together. Family businesses, homes and investments are among the assets that may be acquired by Arizona families over the time a couple is married. When a divorce happens, those assets have to be divided.

For some Arizona couples, especially those who come into a marriage with significant property, a prenuptial agreement can be beneficial. The agreement is typically drafted prior to the marriage ceremony and outlines the details of property division should the couple divorce. This can save a separating couple time and money in the dissolution process.

Family law attorneys across the country report that the number of couples requesting pre-nuptial agreements prior to marriage is increasing. Pointing to a 40 percent divorce rate, some suggest that it is a good idea for a soon-to-be spouse to consider protecting his or her assets with a prenuptial agreement. Commonly, those entering second marriages may have large amounts of individual property to consider or may also be interested in providing for children of a prior relationship.

Those who do not have a prenuptial agreement may pursue other forms of a negotiated settlement. A settlement agreement can cover all aspects of the couple's financial lives as well as other family matters such as child custody and visitation. Spousal maintenance and retirement benefit allocation can be addressed along with the division of property.

Because an Arizona high-asset divorce normally involves large sums of money and other assets, those involved would do well to educate themselves concerning the law as it applies to the facts and circumstances of their matrimonial matter. Often, those facing divorce are confused and even intimidated by the legal process. It can be helpful to seek the advice of legal professionals while determining what is best to achieve a fair resolution of all outstanding family issues.

Source: 10news.com, "Is A Prenuptial Agreement Right For You?" Ed Greenberger, Feb. 14, 2012