Frankie Muniz, 40, announced on July 1, 2026 that he and wife Paige Price are divorcing after 10 years together, framing the split as a shift to co-parenting their 5-year-old son and continuing their joint NASCAR venture. For Arizona residents, the case illustrates how A.R.S. § 25-403 prioritizes the child's best interests even in amicable splits, and how business assets built during marriage become community property.
| Key Fact | Detail |
|---|---|
| What happened | Frankie Muniz and Paige Price announced divorce after 10 years together |
| When | July 1, 2026 |
| Where | Reported nationally; couple has ties to Arizona, Florida, and North Carolina |
| Who's affected | Muniz (40), Price, and their 5-year-old son |
| Key issue | Co-parenting plus jointly-run Muniz Racing (NASCAR) business |
| Practical impact | Illustrates community-property and best-interest rules for shared assets |
The couple married in 2019, and Price had recently publicly denied "secret divorce" rumors before the announcement, according to TMZ. Muniz described the future relationship as "strongest as a deep friendship and co-parents." The decision to keep running their racing venture together adds a layer many divorcing couples face: what happens to a business two spouses built and operate jointly.
Why this matters legally
An amicable divorce still requires the same legal steps as a contested one. Even when both spouses agree, an Arizona court must approve a parenting plan, divide community property, and enter a final decree — cooperation speeds the process but does not eliminate it. A shared business like Muniz Racing complicates matters because a jointly-operated company is both a marital asset to be valued and an ongoing enterprise the ex-spouses intend to keep running together.
In community-property states, a business started or grown during the marriage is generally marital property regardless of whose name is on the paperwork. When both spouses want to continue operating it post-divorce, they typically must formalize the arrangement through a co-ownership or operating agreement negotiated as part of the settlement. Courts favor clean divisions, so continued joint ownership is the exception that requires deliberate documentation. Learn more about the general divorce process before assuming an amicable split will be simple.
How Arizona law handles this
Arizona is a community-property state, meaning property acquired during the marriage is presumed to belong equally to both spouses. Under A.R.S. § 25-211, assets acquired during the marriage — including a business like a racing venture — are community property, and under A.R.S. § 25-318 courts divide that property equitably, which in Arizona usually means roughly equally.
For the couple's 5-year-old son, A.R.S. § 25-403 governs legal decision-making and parenting time based on the child's best interests. Arizona courts weigh factors including each parent's relationship with the child, the child's adjustment to home and community, and each parent's willingness to support the other's relationship with the child. Arizona also requires most divorcing parents to complete a parenting education program under A.R.S. § 25-352.
Arizona is a no-fault divorce state, so neither spouse must prove wrongdoing — the court only needs a finding that the marriage is irretrievably broken. To file, at least one spouse must have been an Arizona resident for 90 days under A.R.S. § 25-312; review the general residency requirements if you are unsure where to file. A jointly-owned business is typically valued as of a date near the divorce filing, and spouses who continue as co-owners must decide how profits, losses, and decision-making will be split going forward.
Practical takeaways
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Get the business professionally valued. Before agreeing to keep or divide a jointly-run company, hire a business appraiser. In Arizona, a marital business is community property under A.R.S. § 25-211, and an accurate valuation protects both spouses in the settlement.
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Draft a post-divorce operating agreement. If you plan to co-own a business with your ex, put governance, profit splits, and exit terms in writing. Handshake arrangements between former spouses are the most common source of later litigation.
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Build a detailed parenting plan. Arizona courts require a written parenting plan addressing legal decision-making, parenting time, and dispute resolution. Specificity now prevents conflict later, even in friendly divorces.
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Estimate your costs early. An uncontested divorce is far cheaper than a contested one. Use our divorce cost estimator to plan a realistic budget and our divorce timeline tool to understand the schedule.
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Keep separate and community property clearly documented. If either spouse owned an asset before marriage, gather records proving it. Commingled funds can convert separate property into community property, so documentation matters.
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Map your next steps. A structured plan reduces stress and cost. Start with a personalized divorce roadmap, and if issues become complex, find a divorce attorney licensed in your state.
If you are facing a divorce that involves a shared business, young children, or ties to more than one state, the amicable framing you see in celebrity announcements still rests on real legal decisions made behind the scenes. Understanding how Arizona treats community property and parenting time helps you protect what matters most before you sign anything.
This article discusses recent news and provides general legal commentary. It does not constitute legal advice. Every case is unique. Consult a qualified family law attorney for advice specific to your situation.